Shift4 Payments (NYSE:FOUR) Trading Down 4.2% After Analyst Downgrade

Shift4 Payments, Inc. (NYSE:FOURGet Free Report)’s share price was down 4.2% during mid-day trading on Thursday after Truist Financial lowered their price target on the stock from $50.00 to $49.00. Truist Financial currently has a hold rating on the stock. Shift4 Payments traded as low as $44.00 and last traded at $44.2940. 365,702 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,975,229 shares. The stock had previously closed at $46.25.

FOUR has been the subject of several other research reports. Mizuho set a $55.00 price objective on Shift4 Payments in a report on Monday, August 10th. Raymond James Financial set a $51.00 price target on shares of Shift4 Payments in a research report on Friday, August 7th. Loop Capital began coverage on shares of Shift4 Payments in a report on Wednesday, June 24th. They issued a “hold” rating and a $40.00 price target for the company. Evercore set a $45.00 price objective on shares of Shift4 Payments in a research report on Monday, May 18th. Finally, BTIG Research lowered their price objective on shares of Shift4 Payments from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.05.

View Our Latest Analysis on FOUR

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Shift4 Payments in the 4th quarter valued at $51,635,000. University of Illinois Foundation raised its holdings in Shift4 Payments by 57.8% during the 4th quarter. University of Illinois Foundation now owns 182,848 shares of the company’s stock worth $11,514,000 after buying an additional 67,000 shares during the period. Fifth Third Bancorp lifted its stake in Shift4 Payments by 19,626.6% during the first quarter. Fifth Third Bancorp now owns 30,379 shares of the company’s stock valued at $1,328,000 after buying an additional 30,225 shares in the last quarter. BW Gestao de Investimentos Ltda. lifted its stake in Shift4 Payments by 9.0% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 689,788 shares of the company’s stock valued at $43,436,000 after buying an additional 56,950 shares in the last quarter. Finally, Mariner Investment Group LLC boosted its holdings in shares of Shift4 Payments by 177.8% in the fourth quarter. Mariner Investment Group LLC now owns 125,000 shares of the company’s stock worth $7,871,000 after buying an additional 80,000 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Stock Performance

The firm’s fifty day simple moving average is $47.99 and its 200 day simple moving average is $46.75. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 73.63, a PEG ratio of 0.62 and a beta of 1.40. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.21 and a quick ratio of 1.21.

Shift4 Payments (NYSE:FOURGet Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $615.65 million. Shift4 Payments had a net margin of 2.20% and a return on equity of 28.40%. The firm’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. On average, sell-side analysts forecast that Shift4 Payments, Inc. will post 4.33 EPS for the current year.

About Shift4 Payments

(Get Free Report)

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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