Triumph Capital Management lessened its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR – Free Report) by 91.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,485 shares of the company’s stock after selling 16,376 shares during the quarter. Triumph Capital Management’s holdings in Shift4 Payments were worth $54,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC raised its position in shares of Shift4 Payments by 3.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 15,697 shares of the company’s stock worth $568,000 after acquiring an additional 539 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Shift4 Payments during the second quarter valued at about $215,000. Nykredit A S bought a new stake in Shift4 Payments during the second quarter valued at about $132,000. Readystate Asset Management LP grew its stake in Shift4 Payments by 530.2% in the second quarter. Readystate Asset Management LP now owns 86,082 shares of the company’s stock valued at $4,187,000 after purchasing an additional 72,422 shares during the last quarter. Finally, AlphaGrep UK Ltd purchased a new position in Shift4 Payments in the second quarter valued at about $548,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Susquehanna reduced their target price on shares of Shift4 Payments from $78.00 to $63.00 and set a “positive” rating for the company in a report on Monday, October 5th. Bank of America started coverage on shares of Shift4 Payments in a report on Thursday. They issued a “neutral” rating and a $42.00 price target on the stock. UBS Group cut their price objective on shares of Shift4 Payments from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $67.00 price objective on shares of Shift4 Payments in a research note on Friday, September 11th. Finally, Truist Financial decreased their target price on shares of Shift4 Payments from $50.00 to $49.00 and set a “hold” rating for the company in a research report on Thursday, August 27th. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Shift4 Payments currently has a consensus rating of “Hold” and an average price target of $56.68.
Get Our Latest Stock Analysis on Shift4 Payments
Shift4 Payments Stock Up 0.3%
NYSE:FOUR traded up $0.13 during mid-day trading on Friday, hitting $39.47. 1,251,453 shares of the company’s stock traded hands, compared to its average volume of 2,127,193. The company has a fifty day moving average of $41.94 and a 200 day moving average of $44.15. Shift4 Payments, Inc. has a twelve month low of $34.56 and a twelve month high of $77.50. The company has a market capitalization of $3.12 billion, a P/E ratio of 65.78, a P/E/G ratio of 0.57 and a beta of 1.39. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.21 and a current ratio of 1.21.
Shift4 Payments (NYSE:FOUR – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $615.65 million. Shift4 Payments had a return on equity of 28.40% and a net margin of 2.20%. The firm’s revenue was up 50.9% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. On average, analysts forecast that Shift4 Payments, Inc. will post 4.16 EPS for the current year.
Shift4 Payments Company Profile
Shift4 Payments, Inc provides integrated payment processing and commerce technology for businesses worldwide. The company enables merchants to accept payments through in-person, online and mobile channels, offering services that can include payment gateways, acquiring, transaction processing, fraud prevention and reporting.
Shift4’s platform is designed to combine payments with business-management tools and point-of-sale systems. Its solutions support industries such as restaurants, hospitality, retail, sports and entertainment, gaming, e-commerce and other organizations that require unified payment and commerce capabilities.
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