Shares of Shift4 Payments, Inc. (NYSE:FOUR – Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $35.60 and last traded at $35.78, with a volume of 2404165 shares trading hands. The stock had previously closed at $38.11.
Wall Street Analysts Forecast Growth
FOUR has been the subject of several recent research reports. Freedom Capital cut Shift4 Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Evercore set a $45.00 price target on Shift4 Payments in a research note on Monday, May 18th. Wells Fargo & Company decreased their price target on Shift4 Payments from $77.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. Seaport Research Partners cut Shift4 Payments from a “buy” rating to a “neutral” rating in a research note on Thursday, April 16th. Finally, Keefe, Bruyette & Woods increased their price target on Shift4 Payments from $50.00 to $52.00 and gave the company a “market perform” rating in a research note on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $70.19.
Get Our Latest Report on Shift4 Payments
Shift4 Payments Trading Down 6.1%
Shift4 Payments (NYSE:FOUR – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Shift4 Payments had a return on equity of 33.55% and a net margin of 2.63%.The firm’s revenue was up 49.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 EPS. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. On average, equities research analysts expect that Shift4 Payments, Inc. will post 4.75 earnings per share for the current year.
Insider Transactions at Shift4 Payments
In other news, major shareholder Jared Isaacman purchased 195,500 shares of the business’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $41.41 per share, for a total transaction of $8,095,655.00. Following the completion of the acquisition, the insider owned 1,594,455 shares in the company, valued at approximately $66,026,381.55. The trade was a 13.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 25.15% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its holdings in Shift4 Payments by 10.1% in the fourth 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 lifted its holdings in shares of Shift4 Payments by 12.6% in the second 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 lifted its holdings in shares of Shift4 Payments by 2.1% in the third 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. Ensign Peak Advisors Inc lifted its holdings in shares of Shift4 Payments by 7.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,643,829 shares of the company’s stock valued at $166,482,000 after purchasing an additional 188,594 shares in the last quarter. Finally, Spyglass Capital Management LLC lifted its holdings in shares of Shift4 Payments by 3.1% in the first quarter. Spyglass Capital Management LLC now owns 1,751,140 shares of the company’s stock valued at $76,577,000 after purchasing an additional 53,220 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.
About Shift4 Payments
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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