Clearbridge Investments LLC trimmed its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR – Free Report) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,025,529 shares of the company’s stock after selling 299,149 shares during the quarter. Clearbridge Investments LLC’s holdings in Shift4 Payments were worth $127,548,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in Shift4 Payments by 25.9% during the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after purchasing an additional 177 shares in the last quarter. Parallel Advisors LLC grew its stake in Shift4 Payments by 5.6% during the 3rd quarter. Parallel Advisors LLC now owns 4,049 shares of the company’s stock worth $313,000 after purchasing an additional 214 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Shift4 Payments by 100.0% during the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Glenmede Investment Management LP grew its stake in Shift4 Payments by 5.1% during the 3rd quarter. Glenmede Investment Management LP now owns 4,565 shares of the company’s stock worth $353,000 after purchasing an additional 222 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in Shift4 Payments by 4.4% during the 2nd quarter. Cerity Partners LLC now owns 5,317 shares of the company’s stock worth $527,000 after purchasing an additional 225 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Shift4 Payments news, major shareholder Jared Isaacman acquired 195,500 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $41.41 per share, with a total value of $8,095,655.00. Following the transaction, the insider owned 1,594,455 shares in the company, valued at $66,026,381.55. The trade was a 13.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders bought 432,327 shares of company stock worth $17,948,120. Corporate insiders own 25.15% of the company’s stock.
Shift4 Payments Trading Down 0.0%
Shift4 Payments (NYSE:FOUR – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Shift4 Payments had a return on equity of 33.55% and a net margin of 2.63%.The company’s revenue was up 49.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 earnings per share. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. As a group, analysts anticipate that Shift4 Payments, Inc. will post 4.75 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently commented on the company. Evercore set a $45.00 target price on Shift4 Payments in a research note on Monday, May 18th. Freedom Capital cut Shift4 Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Raymond James Financial cut Shift4 Payments from a “strong-buy” rating to an “outperform” rating and set a $67.00 target price for the company. in a research note on Thursday, March 26th. Stephens cut Shift4 Payments from an “overweight” rating to an “equal weight” rating and set a $50.00 target price for the company. in a research note on Friday, April 17th. Finally, Zacks Research raised Shift4 Payments from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Ten investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $70.19.
Shift4 Payments Company Profile
Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.
The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.
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