Readystate Asset Management LP Purchases 72,422 Shares of Shift4 Payments, Inc. $FOUR

Readystate Asset Management LP lifted its position in Shift4 Payments, Inc. (NYSE:FOUR) by 530.2% during the second quarter, Holdings Channel reports. The institutional investor owned 86,082 shares of the company’s stock after buying an additional 72,422 shares during the quarter. Readystate Asset Management LP’s holdings in Shift4 Payments were worth $4,187,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new stake in Shift4 Payments in the second quarter valued at about $34,000. Advisors Asset Management Inc. grew its stake in shares of Shift4 Payments by 100.0% during the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after acquiring an additional 217 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Shift4 Payments during the fourth quarter worth about $43,000. Vestcor Inc acquired a new position in shares of Shift4 Payments during the third quarter valued at about $45,000. Finally, Summer Road LLC acquired a new position in shares of Shift4 Payments during the fourth quarter valued at about $47,000. Institutional investors own 98.87% of the company’s stock.

Analyst Ratings Changes

FOUR has been the subject of a number of recent analyst reports. BMO Capital Markets set a $46.00 target price on shares of Shift4 Payments in a research note on Friday, August 7th. Weiss Ratings cut shares of Shift4 Payments from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. B. Riley Financial lowered their price objective on shares of Shift4 Payments from $120.00 to $96.00 and set a “buy” rating for the company in a research note on Monday, August 24th. Truist Financial dropped their price objective on shares of Shift4 Payments from $50.00 to $49.00 and set a “hold” rating on the stock in a report on Thursday, August 27th. Finally, Zacks Research raised Shift4 Payments from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Eleven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.24.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $45.93 on Monday. Shift4 Payments, Inc. has a 52 week low of $34.56 and a 52 week high of $89.55. The business’s 50 day moving average price is $48.27 and its 200 day moving average price is $46.07. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.59. The firm has a market cap of $3.63 billion, a P/E ratio of 76.55, a P/E/G ratio of 0.59 and a beta of 1.38.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.32 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $615.65 million. During the same period last year, the firm posted $1.10 EPS. Shift4 Payments’s revenue for the quarter was up 50.9% compared to the same quarter last year. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. On average, sell-side analysts expect that Shift4 Payments, Inc. will post 4.33 earnings per share for the current year.

Shift4 Payments Company 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.