Shift4 Payments, Inc. $FOUR Stock Bought by Private Management Group Inc.

Private Management Group Inc. raised its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 24.3% during the third quarter, HoldingsChannel.com reports. The fund owned 913,959 shares of the company’s stock after purchasing an additional 178,734 shares during the quarter. Private Management Group Inc.’s holdings in Shift4 Payments were worth $33,058,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Fulcrum Asset Management LLP lifted its stake in Shift4 Payments by 20,563.8% in the 3rd quarter. Fulcrum Asset Management LLP now owns 11,985 shares of the company’s stock worth $444,000 after purchasing an additional 11,927 shares in the last quarter. CenterBook Partners LP purchased a new position in shares of Shift4 Payments during the third quarter valued at about $411,000. Bfsg LLC grew its position in shares of Shift4 Payments by 20.1% during the third quarter. Bfsg LLC now owns 6,810 shares of the company’s stock valued at $246,000 after purchasing an additional 1,140 shares in the last quarter. ARGA Investment Management LP grew its position in shares of Shift4 Payments by 239.9% during the third quarter. ARGA Investment Management LP now owns 24,604 shares of the company’s stock valued at $890,000 after purchasing an additional 17,366 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of Shift4 Payments by 33.8% during the third quarter. Oppenheimer & Co. Inc. now owns 9,207 shares of the company’s stock valued at $333,000 after purchasing an additional 2,325 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BMO Capital Markets set a $46.00 target price on Shift4 Payments in a report on Friday, August 7th. Truist Financial dropped their price target on Shift4 Payments from $49.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, October 23rd. Bank of America restated a “neutral” rating on shares of Shift4 Payments in a report on Friday. Raymond James Financial cut their price target on Shift4 Payments from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Finally, Wells Fargo & Company reduced their price objective on Shift4 Payments from $59.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday. Eleven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.86.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $45.02 on Tuesday. Shift4 Payments, Inc. has a 52-week low of $34.56 and a 52-week high of $75.35. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.59. The firm’s fifty day moving average is $40.32 and its 200 day moving average is $45.88. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 56.27, a PEG ratio of 0.73 and a beta of 1.50.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.13. Shift4 Payments had a net margin of 2.20% and a return on equity of 28.40%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $652.39 million. During the same period last year, the company posted $1.47 EPS. The business’s revenue was up 10.0% on a year-over-year basis. Shift4 Payments has set its FY 2026 guidance at 5.050-5.150 EPS. Sell-side analysts forecast that Shift4 Payments, Inc. will post 4.11 EPS for the current fiscal year.

Shift4 Payments Company Profile

Shift4 Payments, Inc provides payment processing and commerce technology for businesses. Its platform supports transactions made in person, online and through mobile channels, combining payment acceptance and processing with tools for managing sales and operations.

The company serves merchants in industries including restaurants, hotels, retail, entertainment and sports venues. Its offerings include point-of-sale systems, payment gateways and related software, such as its SkyTab restaurant technology platform.

Founded in 1999 by entrepreneur Jared Isaacman, the company was initially known as United Bank Card before adopting the Shift4 name.