Geode Capital Management LLC Grows Position in Shift4 Payments, Inc. $FOUR

Geode Capital Management LLC raised its position in Shift4 Payments, Inc. (NYSE:FOUR) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,367,881 shares of the company’s stock after buying an additional 57,282 shares during the quarter. Geode Capital Management LLC’s holdings in Shift4 Payments were worth $86,153,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FOUR. Advisors Asset Management Inc. raised its holdings in shares of Shift4 Payments by 100.0% in 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 period. Cetera Investment Advisers raised its holdings in shares of Shift4 Payments by 18.8% in the 2nd quarter. Cetera Investment Advisers now owns 5,443 shares of the company’s stock worth $539,000 after purchasing an additional 860 shares during the period. Prudential Financial Inc. raised its holdings in shares of Shift4 Payments by 29.6% in the 2nd quarter. Prudential Financial Inc. now owns 5,410 shares of the company’s stock worth $529,000 after purchasing an additional 1,235 shares during the period. Cresset Asset Management LLC purchased a new position in shares of Shift4 Payments in the 2nd quarter worth about $249,000. Finally, Cerity Partners LLC raised its holdings in shares of Shift4 Payments by 4.4% in the 2nd quarter. Cerity Partners LLC now owns 5,317 shares of the company’s stock worth $527,000 after purchasing an additional 225 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FOUR. Benchmark dropped their target price on Shift4 Payments from $100.00 to $67.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Zacks Research upgraded Shift4 Payments from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. DA Davidson dropped their target price on Shift4 Payments from $82.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Royal Bank Of Canada dropped their target price on Shift4 Payments from $73.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Finally, Freedom Capital downgraded Shift4 Payments from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Ten analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Hold” and a consensus price target of $70.19.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $38.08 on Monday. Shift4 Payments, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $108.50. The business has a 50 day moving average price of $43.91 and a two-hundred day moving average price 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. The firm has a market cap of $3.02 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 0.41 and a beta of 1.43.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.97 earnings per share 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 business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $1.07 EPS. Shift4 Payments’s revenue for the quarter was up 49.0% compared to the same quarter last year. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. Sell-side analysts expect that Shift4 Payments, Inc. will post 4.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Shift4 Payments news, major shareholder Jared Isaacman acquired 193,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $40.66 per share, for a total transaction of $7,847,380.00. Following the purchase, the insider directly owned 1,787,455 shares in the company, valued at $72,677,920.30. This trade represents a 12.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 432,327 shares of company stock worth $17,948,120. 25.15% of the stock is owned by company insiders.

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.