Spyglass Capital Management LLC Acquires 214,230 Shares of Shift4 Payments, Inc. $FOUR

Spyglass Capital Management LLC raised its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 20.8% in the third quarter, Holdings Channel reports. The institutional investor owned 1,242,213 shares of the company’s stock after buying an additional 214,230 shares during the quarter. Shift4 Payments accounts for about 5.1% of Spyglass Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Spyglass Capital Management LLC’s holdings in Shift4 Payments were worth $96,147,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FOUR. Advisors Asset Management Inc. grew its stake in shares of Shift4 Payments by 29.5% in the second quarter. Advisors Asset Management Inc. now owns 562 shares of the company’s stock worth $56,000 after acquiring an additional 128 shares during the last quarter. Main Management ETF Advisors LLC raised its stake in Shift4 Payments by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 8,063 shares of the company’s stock valued at $799,000 after purchasing an additional 132 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Shift4 Payments by 1.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,301 shares of the company’s stock valued at $1,318,000 after purchasing an additional 136 shares during the period. State Board of Administration of Florida Retirement System grew its position in Shift4 Payments by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 47,160 shares of the company’s stock worth $4,674,000 after purchasing an additional 190 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in Shift4 Payments by 1.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 15,900 shares of the company’s stock worth $1,576,000 after purchasing an additional 200 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Stock Down 1.3%

NYSE FOUR opened at $43.36 on Friday. Shift4 Payments, Inc. has a 1-year low of $43.01 and a 1-year high of $108.50. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 41.30, a PEG ratio of 0.33 and a beta of 1.65. The stock’s 50 day moving average is $57.63 and its two-hundred day moving average is $68.76. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 4.66.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, February 26th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. The business had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $1.20 billion. Shift4 Payments had a return on equity of 39.27% and a net margin of 2.84%.Shift4 Payments’s quarterly revenue was up 50.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 EPS. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. Equities analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In related news, major shareholder Jared Isaacman acquired 159,244 shares of the company’s stock in a transaction on Friday, February 27th. The stock was purchased at an average cost of $44.15 per share, for a total transaction of $7,030,622.60. Following the completion of the purchase, the insider directly owned 1,321,207 shares of the company’s stock, valued at $58,331,289.05. The trade was a 13.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 385,757 shares of company stock worth $17,666,153 in the last three months. Corporate insiders own 25.15% of the company’s stock.

Wall Street Analysts Forecast Growth

FOUR has been the topic of several research reports. Raymond James Financial restated a “strong-buy” rating and set a $67.00 price target on shares of Shift4 Payments in a research note on Thursday, February 26th. Oppenheimer lowered their price objective on Shift4 Payments from $112.00 to $98.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. BTIG Research cut their target price on Shift4 Payments from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Loop Capital set a $80.00 price target on shares of Shift4 Payments in a research note on Thursday, December 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Shift4 Payments in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.89.

About Shift4 Payments

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.