CIBC Private Wealth Group LLC Reduces Stake in Shift4 Payments, Inc. $FOUR

CIBC Private Wealth Group LLC lessened its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,002,734 shares of the company’s stock after selling 32,615 shares during the period. CIBC Private Wealth Group LLC’s holdings in Shift4 Payments were worth $77,612,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. acquired a new position in Shift4 Payments in the third quarter valued at approximately $77,303,000. Wasatch Advisors LP raised its holdings in Shift4 Payments by 16.4% during the second quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock worth $628,215,000 after purchasing an additional 890,990 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Shift4 Payments by 1,128.5% during the 3rd quarter. Marshall Wace LLP now owns 839,330 shares of the company’s stock worth $64,964,000 after buying an additional 771,007 shares during the last quarter. Durable Capital Partners LP lifted its position in shares of Shift4 Payments by 12.6% during the 2nd quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company’s stock worth $660,612,000 after buying an additional 745,650 shares during the last quarter. Finally, ShawSpring Partners LLC boosted its holdings in shares of Shift4 Payments by 60.7% in the 3rd quarter. ShawSpring Partners LLC now owns 1,251,374 shares of the company’s stock valued at $96,856,000 after buying an additional 472,652 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $43.98 on Thursday. The firm’s fifty day simple moving average is $56.39 and its 200-day simple moving average is $67.65. Shift4 Payments, Inc. has a 12 month low of $43.01 and a 12 month high of $108.50. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 41.89, a PEG ratio of 0.34 and a beta of 1.65. 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 issued its quarterly earnings results on Thursday, February 26th. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. Shift4 Payments had a net margin of 2.84% and a return on equity of 39.27%. The firm had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business earned $1.35 EPS. Shift4 Payments’s quarterly 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. As a group, equities analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analyst Weigh In

FOUR has been the topic of a number of recent analyst reports. Truist Financial set a $71.00 target price on shares of Shift4 Payments in a research report on Tuesday, January 20th. BTIG Research reduced their price target on shares of Shift4 Payments from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Weiss Ratings downgraded shares of Shift4 Payments from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Keefe, Bruyette & Woods dropped their price objective on Shift4 Payments from $72.00 to $60.00 and set a “market perform” rating on the stock in a report on Friday, February 27th. Finally, Oppenheimer cut their target price 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. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $79.89.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, major shareholder Jared Isaacman bought 43,827 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average price of $45.75 per share, for a total transaction of $2,005,085.25. Following the completion of the purchase, the insider owned 1,410,727 shares of the company’s stock, valued at approximately $64,540,760.25. This represents a 3.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 385,757 shares of company stock valued at $17,666,153 over the last three months. 25.15% of the stock is currently owned by corporate insiders.

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.