Shift4 Payments (NYSE:FOUR – Free Report) had its target price decreased by Truist Financial from $50.00 to $49.00 in a report released on Thursday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.
FOUR has been the subject of a number of other reports. Keefe, Bruyette & Woods boosted their target price on shares of Shift4 Payments from $50.00 to $52.00 and gave the company a “market perform” rating in a research report on Friday, May 8th. The Goldman Sachs Group set a $48.00 price target on Shift4 Payments in a research report on Friday, August 7th. BMO Capital Markets set a $46.00 price objective on Shift4 Payments in a research note on Friday, August 7th. BTIG Research reduced their price objective on Shift4 Payments from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada decreased their price objective on Shift4 Payments from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.05.
Read Our Latest Stock Analysis on Shift4 Payments
Shift4 Payments Price Performance
Shift4 Payments (NYSE:FOUR – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.26 by $0.06. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $615.65 million. Shift4 Payments had a net margin of 2.20% and a return on equity of 28.40%. The business’s quarterly revenue was up 50.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. On average, sell-side analysts forecast that Shift4 Payments will post 4.33 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its stake in shares of Shift4 Payments by 10.1% during the 4th quarter. Wasatch Advisors LP now owns 6,778,925 shares of the company’s stock worth $426,869,000 after acquiring an additional 621,797 shares in the last quarter. Durable Capital Partners LP increased its stake in shares of Shift4 Payments by 12.6% in the 2nd quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company’s stock valued at $660,612,000 after purchasing an additional 745,650 shares in the last quarter. Darlington Partners Capital Management LP increased its stake in shares of Shift4 Payments by 2.1% in the 3rd quarter. Darlington Partners Capital Management LP now owns 5,071,725 shares of the company’s stock valued at $392,552,000 after purchasing an additional 105,320 shares in the last quarter. California State Teachers Retirement System raised its holdings in Shift4 Payments by 3,922.5% in the 2nd quarter. California State Teachers Retirement System now owns 2,823,406 shares of the company’s stock worth $137,330,000 after purchasing an additional 2,753,215 shares during the period. Finally, Ensign Peak Advisors Inc raised its holdings in Shift4 Payments by 7.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,643,829 shares of the company’s stock worth $166,482,000 after purchasing an additional 188,594 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.
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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