Shift4 Payments (NYSE:FOUR) Trading 5.7% Higher – Here’s What Happened

Shift4 Payments, Inc. (NYSE:FOUR)’s stock price rose 5.7% during mid-day trading on Thursday . The company traded as high as $43.35 and last traded at $43.4930. Approximately 1,147,199 shares were traded during mid-day trading, a decline of 42% from the average session volume of 1,974,973 shares. The stock had previously closed at $41.13.

Analysts Set New Price Targets

FOUR has been the subject of a number of research analyst reports. B. Riley Financial cut their target price on shares of Shift4 Payments from $120.00 to $96.00 and set a “buy” rating for the company in a research report on Monday, August 24th. BTIG Research lowered their price target on Shift4 Payments from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Loop Capital initiated coverage on Shift4 Payments in a research note on Wednesday, June 24th. They issued a “hold” rating and a $40.00 price objective on the stock. Mizuho set a $55.00 price objective on Shift4 Payments in a research report on Monday, August 10th. Finally, Wells Fargo & Company upgraded Shift4 Payments from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $55.00 to $59.00 in a research note on Tuesday, August 25th. Eleven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.24.

Shift4 Payments Stock Performance

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.59. The firm has a 50-day moving average of $47.93 and a 200 day moving average of $45.76. The stock has a market capitalization of $3.40 billion, a P/E ratio of 71.84, a PEG ratio of 0.55 and a beta of 1.38.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.06. Shift4 Payments had a net margin of 2.20% and a return on equity of 28.40%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $615.65 million. During the same quarter in the prior year, the business posted $1.10 earnings per share. The company’s quarterly revenue was up 50.9% compared to the same quarter last year. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. Research analysts anticipate that Shift4 Payments, Inc. will post 4.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FOUR. Advisors Asset Management Inc. increased its holdings in Shift4 Payments by 100.0% during the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Shift4 Payments in the third quarter valued at $45,000. Johnson Financial Group Inc. raised its holdings in shares of Shift4 Payments by 282.2% in the third quarter. Johnson Financial Group Inc. now owns 646 shares of the company’s stock valued at $50,000 after buying an additional 477 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Shift4 Payments in the fourth quarter valued at about $43,000. Finally, Versant Capital Management Inc acquired a new position in Shift4 Payments during the 2nd quarter worth about $34,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.