Shift4 Payments (NYSE:FOUR) Trading Up 7.8% – Here’s What Happened

Shift4 Payments, Inc. (NYSE:FOUR)’s share price rose 7.8% during trading on Wednesday . The stock traded as high as $42.25 and last traded at $41.6760. 207,892 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 2,108,417 shares. The stock had previously closed at $38.67.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FOUR. Royal Bank Of Canada lowered their price target on Shift4 Payments from $73.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Wolfe Research downgraded Shift4 Payments from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Shift4 Payments in a research report on Thursday, June 11th. Capital One Financial set a $50.00 target price on Shift4 Payments in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company dropped their target price on Shift4 Payments from $77.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $68.29.

Shift4 Payments Trading Down 1.4%

The company has a debt-to-equity ratio of 2.55, a current ratio of 1.22 and a quick ratio of 1.22. The company has a fifty day moving average of $42.81 and a 200-day moving average of $51.43. The firm has a market capitalization of $3.46 billion, a PE ratio of 51.89, a price-to-earnings-growth ratio of 0.48 and a beta of 1.43.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.02). Shift4 Payments had a net margin of 2.63% and a return on equity of 33.55%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $1.07 EPS. Shift4 Payments’s revenue for the quarter was up 49.0% on a year-over-year basis. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. On average, sell-side analysts anticipate that Shift4 Payments, Inc. will post 4.77 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Jared Isaacman purchased 193,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of $40.66 per share, with a total value of $7,847,380.00. Following the purchase, the insider owned 1,787,455 shares in the company, valued at $72,677,920.30. This represents a 12.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Shift4 Payments

Institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its stake in shares of Shift4 Payments by 100.0% during the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at $43,000. Vestcor Inc bought a new stake in Shift4 Payments in the third quarter worth $45,000. Summer Road LLC acquired a new position in Shift4 Payments during the fourth quarter worth $47,000. Finally, Johnson Financial Group Inc. increased its position in Shift4 Payments by 282.2% during the third quarter. Johnson Financial Group Inc. now owns 646 shares of the company’s stock worth $50,000 after buying an additional 477 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.