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, HoldingsChannel reports. The firm acquired 13,660 shares of the company’s stock, valued at approximately $597,000.

A number of other large investors have also modified their holdings of the company. Advisors Asset Management Inc. boosted 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 buying an additional 217 shares in the last quarter. Cetera Investment Advisers raised its stake 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 valued at $539,000 after buying an additional 860 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Shift4 Payments by 29.6% during the 2nd quarter. Prudential Financial Inc. now owns 5,410 shares of the company’s stock worth $529,000 after acquiring an additional 1,235 shares during the period. Cresset Asset Management LLC bought a new position in shares of Shift4 Payments during the 2nd quarter worth about $249,000. Finally, Cerity Partners LLC boosted its position in shares of Shift4 Payments by 4.4% during the 2nd quarter. Cerity Partners LLC now owns 5,317 shares of the company’s stock valued at $527,000 after acquiring an additional 225 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FOUR. DA Davidson lowered their target price on shares of Shift4 Payments from $82.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Shift4 Payments in a report on Thursday, June 11th. Capital One Financial set a $50.00 price objective on Shift4 Payments in a report on Tuesday, April 21st. Stephens lowered Shift4 Payments from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective on the stock. in a research note on Friday, April 17th. Finally, BMO Capital Markets initiated coverage on Shift4 Payments in a report on Tuesday, April 21st. They issued a “market perform” rating and a $50.00 target price for the company. Ten investment 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. According to data from MarketBeat.com, Shift4 Payments currently has an average rating of “Hold” and an average target price of $68.43.

Shift4 Payments Stock Up 2.1%

Shares of FOUR opened at $55.99 on Thursday. The company has a market capitalization of $4.44 billion, a P/E ratio of 66.66, a PEG ratio of 0.60 and a beta of 1.41. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.22 and a quick ratio of 1.22. Shift4 Payments, Inc. has a one year low of $34.56 and a one year high of $105.61. The business’s 50 day simple moving average is $45.40 and its 200-day simple moving average is $48.85.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results 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 period in the prior year, the business earned $1.07 earnings per share. The company’s revenue for the quarter was up 49.0% on a year-over-year basis. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. As a group, sell-side analysts predict that Shift4 Payments, Inc. will post 4.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, major shareholder Jared Isaacman bought 195,500 shares of the firm’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 completion of the acquisition, the insider owned 1,594,455 shares of the company’s stock, valued at approximately $66,026,381.55. This trade represents a 13.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.54% of the company’s stock.

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.