Readystate Asset Management LP Invests $597,000 in Shift4 Payments, Inc. $FOUR

Readystate Asset Management LP acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,660 shares of the company’s stock, valued at approximately $597,000.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Shift4 Payments by 25.9% during the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after purchasing an additional 177 shares during the period. Marex Group plc raised its position in shares of Shift4 Payments by 6.0% in the fourth quarter. Marex Group plc now owns 3,487 shares of the company’s stock valued at $220,000 after purchasing an additional 196 shares during the period. Parallel Advisors LLC raised its position in shares of Shift4 Payments by 5.6% in the third quarter. Parallel Advisors LLC now owns 4,049 shares of the company’s stock valued at $313,000 after purchasing an additional 214 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after buying an additional 217 shares during the last quarter. Finally, Glenmede Investment Management LP lifted its stake in shares of Shift4 Payments by 5.1% in the third quarter. Glenmede Investment Management LP now owns 4,565 shares of the company’s stock worth $353,000 after buying an additional 222 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Jared Isaacman acquired 195,500 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $41.41 per share, for a total transaction of $8,095,655.00. Following the acquisition, the insider owned 1,594,455 shares in the company, valued at $66,026,381.55. This trade represents a 13.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Seaport Research Partners downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating in a report on Thursday, April 16th. DA Davidson dropped their target price on shares of Shift4 Payments from $82.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Loop Capital assumed coverage on shares of Shift4 Payments in a research report on Wednesday, June 24th. They set a “hold” rating and a $40.00 target price for the company. Capital One Financial set a $50.00 price target on shares of Shift4 Payments in a report on Tuesday, April 21st. Finally, Truist Financial raised their price target on Shift4 Payments from $46.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Shift4 Payments currently has a consensus rating of “Hold” and a consensus price target of $68.43.

Shift4 Payments Stock Up 2.1%

FOUR opened at $55.99 on Thursday. The business has a 50 day moving average of $45.40 and a 200-day moving average of $48.85. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 66.66, a P/E/G ratio of 0.60 and a beta of 1.41. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.55. Shift4 Payments, Inc. has a 1-year low of $34.56 and a 1-year high of $105.61.

Shift4 Payments (NYSE:FOUR) last announced its 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 company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $1.07 EPS. The company’s revenue 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. As a group, sell-side analysts anticipate that Shift4 Payments, Inc. will post 4.67 earnings per share for the current year.

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.