Shift4 Payments (NYSE:FOUR) Stock Price Down 7.5% – Here’s What Happened

Shift4 Payments, Inc. (NYSE:FOUR)’s share price was down 7.5% during trading on Wednesday . The company traded as low as $47.95 and last traded at $47.3270. 159,731 shares were traded during trading, a decline of 92% from the average daily volume of 2,087,427 shares. The stock had previously closed at $51.16.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of recent analyst reports. Zacks Research upgraded Shift4 Payments from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. BTIG Research restated a “buy” rating and issued a $70.00 price target on shares of Shift4 Payments in a research report on Thursday, May 7th. Evercore set a $45.00 price target on Shift4 Payments in a research note on Monday, May 18th. DA Davidson cut their price objective on shares of Shift4 Payments from $82.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Finally, Wolfe Research downgraded shares of Shift4 Payments from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 15th. Ten equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $68.29.

Shift4 Payments Stock Down 7.5%

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.55. The firm has a 50 day moving average of $43.04 and a two-hundred day moving average of $50.47. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 56.26, a price-to-earnings-growth ratio of 0.56 and a beta of 1.41.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, May 7th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Shift4 Payments had a return on equity of 33.55% and a net margin of 2.63%.The firm’s revenue was up 49.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 EPS. 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 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In related news, major shareholder Jared Isaacman acquired 195,500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $41.41 per share, with a total value of $8,095,655.00. Following the purchase, the insider directly owned 1,594,455 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 1.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc acquired a new stake in shares of Shift4 Payments during the 2nd quarter valued at $34,000. Glenmede Trust Co. NA increased its holdings in Shift4 Payments by 6.0% in the 1st quarter. Glenmede Trust Co. NA now owns 4,786 shares of the company’s stock worth $209,000 after purchasing an additional 270 shares in the last quarter. Spyglass Capital Management LLC increased its holdings in Shift4 Payments by 3.1% in the 1st quarter. Spyglass Capital Management LLC now owns 1,751,140 shares of the company’s stock worth $76,577,000 after purchasing an additional 53,220 shares in the last quarter. California State Teachers Retirement System raised its position in Shift4 Payments by 23.4% in the first quarter. California State Teachers Retirement System now owns 70,191 shares of the company’s stock valued at $3,069,000 after purchasing an additional 13,316 shares during the last quarter. Finally, Readystate Asset Management LP bought a new position in Shift4 Payments in the first quarter valued at about $597,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.