Shift4 Payments, Inc. $FOUR Stake Raised by Fifth Third Bancorp

Fifth Third Bancorp lifted its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 19,626.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 30,379 shares of the company’s stock after acquiring an additional 30,225 shares during the quarter. Fifth Third Bancorp’s holdings in Shift4 Payments were worth $1,328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Advisors Asset Management Inc. lifted 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 valued at $35,000 after purchasing an additional 217 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Shift4 Payments in the fourth quarter valued at $43,000. Vestcor Inc bought a new position in shares of Shift4 Payments in the third quarter valued at $45,000. Summer Road LLC acquired a new stake in shares of Shift4 Payments during the 4th quarter valued at $47,000. Finally, Johnson Financial Group Inc. lifted its position in shares of Shift4 Payments by 282.2% during the 3rd quarter. Johnson Financial Group Inc. now owns 646 shares of the company’s stock valued at $50,000 after acquiring an additional 477 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Shift4 Payments

In other news, major shareholder Jared Isaacman bought 193,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $40.66 per share, with a total value of $7,847,380.00. Following the completion of the transaction, the insider directly owned 1,787,455 shares in the company, valued at $72,677,920.30. This represents a 12.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.54% of the company’s stock.

Shift4 Payments Stock Up 4.6%

FOUR opened at $48.48 on Friday. Shift4 Payments, Inc. has a 1-year low of $34.56 and a 1-year high of $107.15. The business has a 50 day moving average of $44.69 and a 200-day moving average of $49.21. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 57.71, a P/E/G ratio of 0.50 and a beta of 1.41. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.55.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.02). Shift4 Payments had a return on equity of 33.55% and a net margin of 2.63%.The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The business’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 anticipate that Shift4 Payments, Inc. will post 4.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FOUR has been the topic of a number of recent research reports. Seaport Research Partners cut Shift4 Payments from a “buy” rating to a “neutral” rating in a report on Thursday, April 16th. Loop Capital started coverage on Shift4 Payments in a report on Wednesday, June 24th. They set a “hold” rating and a $40.00 target price for the company. Wolfe Research lowered Shift4 Payments from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods lifted their price target on Shift4 Payments from $50.00 to $52.00 and gave the stock a “market perform” rating in a research note on Friday, May 8th. Finally, Evercore set a $45.00 price objective on Shift4 Payments in a report on Monday, May 18th. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $68.43.

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.