CIBC Bancorp USA Inc. Purchases New Shares in Shift4 Payments, Inc. $FOUR

CIBC Bancorp USA Inc. purchased a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 998,750 shares of the company’s stock, valued at approximately $77,303,000. CIBC Bancorp USA Inc. owned approximately 1.13% of Shift4 Payments as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its position 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 valued at $56,000 after purchasing an additional 128 shares during the period. Main Management ETF Advisors LLC lifted its stake in Shift4 Payments by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 8,063 shares of the company’s stock valued at $799,000 after buying an additional 132 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake 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 buying an additional 136 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings 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 buying an additional 190 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Shift4 Payments by 1.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 15,900 shares of the company’s stock worth $1,576,000 after buying an additional 200 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Trading Up 1.1%

FOUR opened at $45.09 on Wednesday. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 42.94, a price-to-earnings-growth ratio of 0.33 and a beta of 1.65. The company’s 50 day simple moving average is $56.82 and its two-hundred day simple moving average is $67.82. Shift4 Payments, Inc. has a 1-year low of $43.01 and a 1-year high of $108.50. The company has a debt-to-equity ratio of 4.66, a current ratio of 1.66 and a quick ratio of 1.66.

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

Insiders Place Their Bets

In related news, major shareholder Jared Isaacman bought 159,244 shares of the company’s stock in a transaction on Friday, February 27th. The stock was bought at an average cost of $44.15 per share, for a total transaction of $7,030,622.60. Following the acquisition, the insider directly owned 1,321,207 shares in the company, valued at $58,331,289.05. This represents a 13.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders acquired a total of 385,757 shares of company stock worth $17,666,153 over the last quarter. Insiders own 25.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Loop Capital set a $80.00 target price on Shift4 Payments in a report on Thursday, December 11th. Mizuho lowered their price target on Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Shift4 Payments in a research report on Monday, December 29th. Keefe, Bruyette & Woods reduced their price objective on Shift4 Payments from $72.00 to $60.00 and set a “market perform” rating for the company in a research note on Friday, February 27th. Finally, The Goldman Sachs Group decreased their price objective on Shift4 Payments from $81.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. One equities research 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. Based on data from MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and an average target price of $79.89.

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.