North Reef Capital Management LP Purchases 78,056 Shares of Shift4 Payments, Inc. $FOUR

North Reef Capital Management LP lifted its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 312.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,056 shares of the company’s stock after buying an additional 78,056 shares during the period. Shift4 Payments makes up approximately 0.4% of North Reef Capital Management LP’s portfolio, making the stock its 26th biggest holding. North Reef Capital Management LP’s holdings in Shift4 Payments were worth $7,977,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FOUR. Advisors Asset Management Inc. increased its position in shares of Shift4 Payments by 29.5% during the second quarter. Advisors Asset Management Inc. now owns 562 shares of the company’s stock valued at $56,000 after acquiring an additional 128 shares during the last quarter. Main Management ETF Advisors LLC grew its stake in Shift4 Payments by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 8,063 shares of the company’s stock valued at $799,000 after purchasing an additional 132 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Shift4 Payments by 1.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,301 shares of the company’s stock valued at $1,318,000 after purchasing an additional 136 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Shift4 Payments by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 47,160 shares of the company’s stock worth $4,674,000 after purchasing an additional 190 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Shift4 Payments by 1.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 15,900 shares of the company’s stock worth $1,576,000 after buying an additional 200 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, major shareholder Jared Isaacman purchased 159,244 shares of the stock in a transaction dated Friday, February 27th. The shares were purchased at an average cost of $44.15 per share, with a total value of $7,030,622.60. Following the completion of the acquisition, the insider directly owned 1,321,207 shares in the company, valued at $58,331,289.05. This trade represents a 13.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 385,757 shares of company stock valued at $17,666,153 in the last three months. 25.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on FOUR. Freedom Capital lowered shares of Shift4 Payments from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Benchmark decreased their price target on shares of Shift4 Payments from $100.00 to $67.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Mizuho lowered their price target on shares of Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating on the stock in a report on Monday, December 22nd. BTIG Research dropped their price objective on Shift4 Payments from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Finally, DA Davidson reduced their price objective on Shift4 Payments from $104.00 to $82.00 and set a “buy” rating for the company in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and an average price target of $79.89.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $44.63 on Tuesday. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 42.50, a price-to-earnings-growth ratio of 0.33 and a beta of 1.65. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.66 and a current ratio of 1.66. Shift4 Payments, Inc. has a one year low of $43.01 and a one year high of $108.50. The company’s 50-day moving average is $57.24 and its 200 day moving average is $68.14.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, February 26th. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.04. The firm had revenue of $610.00 million for the quarter, compared to analysts’ expectations of $1.20 billion. Shift4 Payments had a net margin of 2.84% and a return on equity of 39.27%. The business’s revenue for the quarter was up 50.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 earnings per share. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. Sell-side analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

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.