Norges Bank Takes $51.64 Million Position in Shift4 Payments, Inc. $FOUR

Norges Bank bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 820,000 shares of the company’s stock, valued at approximately $51,635,000.

Several other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in Shift4 Payments by 100.0% during the first 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. Hantz Financial Services Inc. boosted its stake in shares of Shift4 Payments by 148.1% in the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $41,000 after purchasing an additional 314 shares during the period. Vestcor Inc purchased a new position in shares of Shift4 Payments in the third quarter valued at approximately $45,000. Johnson Financial Group Inc. grew its holdings in shares of Shift4 Payments by 282.2% in the third quarter. Johnson Financial Group Inc. now owns 646 shares of the company’s stock valued at $50,000 after purchasing an additional 477 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Shift4 Payments by 25.9% during the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after buying an additional 177 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FOUR has been the topic of a number of research reports. Evercore set a $45.00 target price on shares of Shift4 Payments in a report on Monday, May 18th. BMO Capital Markets initiated coverage on Shift4 Payments in a research report on Tuesday, April 21st. They set a “market perform” rating and a $50.00 price objective on the stock. Truist Financial reduced their price objective on Shift4 Payments from $50.00 to $46.00 and set a “hold” rating on the stock in a research note on Wednesday, May 27th. Seaport Research Partners lowered Shift4 Payments from a “buy” rating to a “neutral” rating in a report on Thursday, April 16th. Finally, Keefe, Bruyette & Woods boosted their target price on Shift4 Payments from $50.00 to $52.00 and gave the stock a “market perform” rating in a research note on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Shift4 Payments has a consensus rating of “Hold” and a consensus target price of $70.19.

Shift4 Payments Stock Performance

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

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results 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 return on equity of 33.55% and a net margin of 2.63%.The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was up 49.0% on a year-over-year basis. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. Sell-side analysts predict that Shift4 Payments, Inc. will post 4.75 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, major shareholder Jared Isaacman purchased 195,500 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $41.41 per share, with a total value of $8,095,655.00. Following the completion of the acquisition, the insider directly owned 1,594,455 shares of the company’s stock, valued at $66,026,381.55. This trade represents a 13.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 432,327 shares of company stock valued at $17,948,120 over the last three months. Corporate insiders own 25.15% of the company’s stock.

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.