Shift4 Payments, Inc. $FOUR Shares Purchased by Deepwater Asset Management LLC

Deepwater Asset Management LLC boosted its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 25.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 206,217 shares of the company’s stock after buying an additional 41,735 shares during the quarter. Shift4 Payments accounts for 3.8% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 9th biggest position. Deepwater Asset Management LLC’s holdings in Shift4 Payments were worth $12,985,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FOUR. CIBC Bancorp USA Inc. acquired a new position in Shift4 Payments during the third quarter valued at approximately $77,303,000. Wasatch Advisors LP boosted its position in Shift4 Payments by 16.4% during the second quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock valued at $628,215,000 after purchasing an additional 890,990 shares during the last quarter. Norges Bank acquired a new position in Shift4 Payments during the fourth quarter valued at approximately $51,635,000. Marshall Wace LLP boosted its position in Shift4 Payments by 1,128.5% during the third quarter. Marshall Wace LLP now owns 839,330 shares of the company’s stock valued at $64,964,000 after purchasing an additional 771,007 shares during the last quarter. Finally, Durable Capital Partners LP boosted its position in Shift4 Payments by 12.6% during 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 during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on FOUR. Royal Bank Of Canada reduced their price target on Shift4 Payments from $73.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. The Goldman Sachs Group reduced their price target on Shift4 Payments from $81.00 to $56.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Wells Fargo & Company cut their price objective on Shift4 Payments from $77.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Wolfe Research cut Shift4 Payments from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 15th. Finally, DA Davidson cut their price objective on Shift4 Payments from $82.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Ten research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Shift4 Payments currently has an average rating of “Hold” and an average target price of $70.19.

Shift4 Payments Stock Performance

FOUR opened at $38.08 on Monday. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 0.41 and a beta of 1.43. The business has a 50 day moving average of $43.91 and a 200-day moving average of $54.36. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.55. Shift4 Payments, Inc. has a 12-month low of $37.01 and a 12-month high of $108.50.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Shift4 Payments had a return on equity of 33.55% and a net margin of 2.63%.The business’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 earnings per share. 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.

Insiders Place Their Bets

In other news, major shareholder Jared Isaacman purchased 193,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of $40.66 per share, with a total value of $7,847,380.00. Following the acquisition, the insider owned 1,787,455 shares in the company, valued at approximately $72,677,920.30. This trade represents a 12.10% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 432,327 shares of company stock worth $17,948,120. Company insiders own 25.15% 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.