Bank of New York Mellon Corp Decreases Stock Holdings in Shift4 Payments, Inc. $FOUR

Bank of New York Mellon Corp cut its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 36.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 402,717 shares of the company’s stock after selling 227,449 shares during the period. Bank of New York Mellon Corp’s holdings in Shift4 Payments were worth $17,611,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Advisors Asset Management Inc. grew its position in 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 acquiring an additional 217 shares in the last quarter. Vestcor Inc bought a new stake in shares of Shift4 Payments in the 3rd quarter valued at approximately $45,000. Johnson Financial Group Inc. lifted its stake in shares of Shift4 Payments by 282.2% in the 3rd quarter. Johnson Financial Group Inc. now owns 646 shares of the company’s stock valued at $50,000 after purchasing an additional 477 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Shift4 Payments in the 4th quarter worth approximately $43,000. Finally, Summer Road LLC bought a new position in shares of Shift4 Payments during the 4th quarter valued at approximately $47,000. Institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Jared Isaacman bought 195,500 shares of Shift4 Payments stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of $41.41 per share, with a total value of $8,095,655.00. Following the completion of the transaction, the insider owned 1,594,455 shares in the company, valued at $66,026,381.55. The trade was a 13.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FOUR has been the topic of several recent research reports. Stephens lowered Shift4 Payments from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a report on Friday, April 17th. BMO Capital Markets assumed coverage on shares of Shift4 Payments in a research note on Tuesday, April 21st. They set a “market perform” rating and a $50.00 price objective for the company. Wolfe Research downgraded shares of Shift4 Payments from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 15th. Evercore set a $45.00 target price on shares of Shift4 Payments in a report on Monday, May 18th. Finally, Seaport Research Partners cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating in a research note on Thursday, April 16th. Ten 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. Based on data from MarketBeat.com, Shift4 Payments has an average rating of “Hold” and an average price target of $68.43.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $55.99 on Thursday. The stock’s fifty day moving average is $45.40 and its two-hundred day moving average is $48.85. The company has a market capitalization of $4.44 billion, a PE ratio of 66.66, a price-to-earnings-growth ratio of 0.60 and a beta of 1.41. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.55. Shift4 Payments, Inc. has a 52 week low of $34.56 and a 52 week high of $105.61.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Thursday, May 7th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Shift4 Payments had a return on equity of 33.55% and a net margin of 2.63%.The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. As a group, analysts expect that Shift4 Payments, Inc. will post 4.67 earnings per share for the current year.

Shift4 Payments 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.