Shift4 Payments, Inc. $FOUR Stock Position Cut by Triumph Capital Management

Triumph Capital Management lowered its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 91.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,485 shares of the company’s stock after selling 16,376 shares during the quarter. Triumph Capital Management’s holdings in Shift4 Payments were worth $54,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of Shift4 Payments by 3.6% in the third quarter. Farther Finance Advisors LLC now owns 15,697 shares of the company’s stock worth $568,000 after purchasing an additional 539 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Shift4 Payments during the 2nd quarter valued at about $215,000. Nykredit A S bought a new stake in Shift4 Payments during the 2nd quarter valued at about $132,000. Readystate Asset Management LP boosted its position in Shift4 Payments by 530.2% in the 2nd quarter. Readystate Asset Management LP now owns 86,082 shares of the company’s stock valued at $4,187,000 after buying an additional 72,422 shares during the period. Finally, AlphaGrep UK Ltd purchased a new stake in Shift4 Payments in the 2nd quarter valued at about $548,000. Institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group dropped their target price on shares of Shift4 Payments from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. B. Riley Financial decreased their price target on shares of Shift4 Payments from $96.00 to $94.00 and set a “buy” rating for the company in a research note on Tuesday, October 6th. Bank of America assumed coverage on Shift4 Payments in a report on Thursday. They issued a “neutral” rating and a $42.00 price target for the company. Wells Fargo & Company upgraded Shift4 Payments from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $55.00 to $59.00 in a report on Tuesday, August 25th. Finally, BTIG Research dropped their price objective on Shift4 Payments from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $56.68.

Shift4 Payments Stock Up 0.3%

NYSE:FOUR traded up $0.13 during mid-day trading on Friday, reaching $39.47. The company’s stock had a trading volume of 1,251,453 shares, compared to its average volume of 2,127,193. Shift4 Payments, Inc. has a 1 year low of $34.56 and a 1 year high of $77.50. The stock has a fifty day moving average of $41.94 and a 200-day moving average of $44.15. The firm has a market capitalization of $3.12 billion, a PE ratio of 65.78, a price-to-earnings-growth ratio of 0.57 and a beta of 1.39. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.59.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, August 6th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. Shift4 Payments had a net margin of 2.20% and a return on equity of 28.40%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $615.65 million. During the same quarter last year, the firm posted $1.10 EPS. The company’s revenue for the quarter was up 50.9% on a year-over-year basis. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. Equities research analysts forecast that Shift4 Payments, Inc. will post 4.16 earnings per share for the current year.

Shift4 Payments Company Profile

Shift4 Payments, Inc provides integrated payment processing and commerce technology for businesses worldwide. The company enables merchants to accept payments through in-person, online and mobile channels, offering services that can include payment gateways, acquiring, transaction processing, fraud prevention and reporting.

Shift4’s platform is designed to combine payments with business-management tools and point-of-sale systems. Its solutions support industries such as restaurants, hospitality, retail, sports and entertainment, gaming, e-commerce and other organizations that require unified payment and commerce capabilities.