CIBC Bancorp USA Inc. Makes New Investment in Shift4 Payments, Inc. $FOUR

CIBC Bancorp USA Inc. bought a new stake in Shift4 Payments, Inc. (NYSE:FOUR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 998,750 shares of the company’s stock, valued at approximately $77,303,000.

Other hedge funds have also made changes to their positions in the company. Mawer Investment Management Ltd. lifted its stake in shares of Shift4 Payments by 66.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 178,318 shares of the company’s stock valued at $13,802,000 after purchasing an additional 71,489 shares during the last quarter. Rice Hall James & Associates LLC grew its holdings in shares of Shift4 Payments by 71.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 584,231 shares of the company’s stock worth $45,219,000 after purchasing an additional 243,161 shares during the period. Maestria Partners LLC increased its position in shares of Shift4 Payments by 36.6% during the 3rd quarter. Maestria Partners LLC now owns 372,423 shares of the company’s stock worth $28,826,000 after purchasing an additional 99,723 shares during the last quarter. Jackson Square Partners LLC acquired a new stake in shares of Shift4 Payments during the 3rd quarter worth about $5,735,000. Finally, Nordea Investment Management AB raised its holdings in Shift4 Payments by 56.4% in the 3rd quarter. Nordea Investment Management AB now owns 92,832 shares of the company’s stock valued at $7,057,000 after buying an additional 33,472 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FOUR. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $73.00 target price on shares of Shift4 Payments in a research note on Thursday, February 26th. Wells Fargo & Company reduced their price target on shares of Shift4 Payments from $77.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, February 27th. Loop Capital set a $80.00 price objective on shares of Shift4 Payments in a report on Thursday, December 11th. BTIG Research lowered their price objective on shares of Shift4 Payments from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Mizuho dropped their target price on shares of Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating for the company in a report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.89.

Shift4 Payments Stock Up 1.1%

FOUR stock opened at $45.09 on Wednesday. The company’s 50 day moving average price is $56.82 and its 200 day moving average price is $67.82. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 0.33 and a beta of 1.65. Shift4 Payments, Inc. has a fifty-two week low of $43.01 and a fifty-two week high of $108.50. 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 (NYSE:FOUR) last posted its quarterly earnings results on Thursday, February 26th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.56 by $0.04. Shift4 Payments had a net margin of 2.84% and a return on equity of 39.27%. The company had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $1.35 EPS. The firm’s revenue was up 50.6% on a year-over-year basis. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. On average, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Jared Isaacman bought 43,827 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $45.75 per share, for a total transaction of $2,005,085.25. Following the completion of the purchase, the insider owned 1,410,727 shares in the company, valued at approximately $64,540,760.25. This trade represents a 3.21% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 385,757 shares of company stock worth $17,666,153. 25.15% of the stock is currently owned by insiders.

Shift4 Payments 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.