Research
Wells Fargo Upgrades Shift4 Payments to Overweight From Equalweight, Price Target is $59
Shift4 Payments (FOUR) has an average rating of overweight and mean price target of $54.76, according to analysts polled by FactSet.
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9 stories mentioning FOURUpdated 23d ago
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US Markets
Fintech, Payments Firms Outperform Expectations Amid Solid Consumer Spending, RBC Says
Financial technology and payments companies outperformed quarterly estimates as consumer spending turned out to be better than expected, though the Middle East conflict weighed on certain guides, RBC Capital Markets said in a note emailed Thursday.The average revenue beat relative to consensus was 1.3% for 18 fintech and payments firms, with a 2.3% beat on earnings per share, according to the note. Twelve companies topped estimates, while three delivered a miss."Consumer spending data from the payments universe was broadly positive for the US in (the second quarter), with the card networks reporting their strongest domestic volumes in years," RBC analyst Daniel Perlin said.Payments giants Visa (V) and Mastercard (MA) reported annual volume gains in the most recent quarter, alongside an increase in PayPal's (PYPL) US total payment volume, according to the RBC note.The Iran war continued to weigh on several companies as the associated travel disruption persisted for longer than expected, Perlin wrote.Global Payments (GPN), which processes for 12 of the largest Middle Eastern airlines, was the most affected, while Shift4 Payments (FOUR) forecast a $25 million headwind for the third quarter. Visa said the impact moderated through the second quarter, though its rest-of-year guidance assumes current levels of disruption persist, RBC said.Mastercard, however, saw cross-border travel improve as the second quarter progressed.Factors such as tariff refunds, a lower tax rate and comparison issues create "some messiness" in the setup for the second half of the year, the brokerage said."A common guidance theme across the group was the expectation of (second half) acceleration, for various reasons such as the normalization of one-time items, the onboarding of newly signed contracts, the lapping of elevated prior-year non-recurring revenues, the deployment of cost synergies, and incremental contributions from (artificial intelligence)-driven efficiency programs," Perlin wrote.RBC highlighted Broadridge Financial Solutions (BR), Flywire (FLYW), Mastercard, Visa, SS&C Technologies (SSNC), and Block (XYZ) as best positioned post earnings.Buy-now-pay-later provider Affirm Holdings (AFRM), Jack Henry & Associates (JKHY), PicS (PICS), and Wealthfront (WLTH) are yet to report results.Price: $59.56, Change: $+0.36, Percent Change: +0.61%
$AFRM$BR$FLYW$FOUR$GPN$JKHY$MA$PICS$PYPL$SSNC$V$WLTH$XYZ
Wire
UBS Adjusts Price Target on Shift4 Payments to $52 From $60, Maintains Buy Rating
Shift4 Payments (FOUR) has an average rating of overweight and mean price target of $57.29, according to analysts polled by FactSet.Price: $42.48, Change: $-0.88, Percent Change: -2.03%
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Insider Trading
Shift4 Payments Insider Bought Shares Worth $15,943,102, According to a Recent SEC Filing
Jared Isaacman, 10% Owner, on May 11, 2026, executed a purchase for 388,500 shares in Shift4 Payments (FOUR) for $15,943,102. Following the Form 4 filing with the SEC, Isaacman has control over a total of 22,710,192 Class A common shares of the company, with 1,787,455 shares held directly and 20,922,737 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1794669/000119312526220715/xslF345X05/ownership.xml
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US Markets
Payment-Focused Companies' Results Could Largely Meet or Top Views With Cautious Consumer Outlook, RBC Says
Upcoming results of several key payment-focused and financial technology companies are likely to either meet or exceed expectations, though firms are seen having a cautious outlook on the consumer amid war-driven inflationary pressures, RBC Capital Markets said in a note e-mailed Monday.PayPal (PYPL), Fiserv (FISV), Shift4 Payments (FOUR), Affirm (AFRM), Block (XYZ), Corpay (CPAY), Global Payments (GPN), Fidelity National Information Services (FIS), Jack Henry & Associates (JKHY), Rocket (RKT), Toast (TOST), and NCR Voyix (VYX) are among the companies scheduled to report their latest quarterly financial results this week."We believe that the payments group will deliver in-line to better-than-expected results, except for (Shift4), which we believe will be impacted by seasonally weaker and Middle East-impacted Global Blue; PayPal, and (NCR)," RBC analyst Daniel Perlin said in a note to clients. "While we expect higher tax returns to benefit spending trends this quarter, we expect management teams to have a cautious outlook on the consumer on the basis of higher fuel prices and a general inflationary environment impacting discretionary spending."High recurring revenue and a strong demand backdrop likely insulate Jack Henry and Fidelity National from broader economic volatility, according to the brokerage. "The macro is not in the driver seat for them, and we expect management teams to continue reinforcing their view that the cores have a data and compliance moat from (artificial intelligence) disruption," Perlin said.Recently, Visa's (V) latest quarterly results showed payments volume growth in the US, while Mastercard (MA) saw purchase volume growth in that market, according to RBC. This indicates that restaurant and retail has likely "held up," though cross-border and travel continue to be areas of caution, Perlin said.PayPal's branded checkout performance in the first quarter will likely be pressured due to exposure to the Middle East conflict and pullback from low-income consumers. However, the investors will be focused on the company's potential future strategic direction instead of just the quarterly results, according to the note.RBC expects Global Payments to face "modest" headwinds in the first half of 2026 due to its exposure to Middle Eastern airlines and the ongoing conflict in the region. Despite having minimal Middle East ties, inflation and small- and medium-business exposure could challenge Fiserv in the near term.Affirm is seeing robust consumer demand despite high fuel costs, RBC said. "Affirm's potential Middle East exposure is more of a knock-on effect associated with higher oil prices crowding out overall consumer spending, and with (Affirm's) tilt toward lower-end consumers, it's probable to assume some potential weakness in that cohort."Block's Cash App Borrow offering is likely to see strong demand amid consumer pressure, according to the brokerage. "As for (the first quarter), intra-quarter conversations suggest overall volume trends in both Cash App and Seller appear to be holding up, with additional levers benefiting (the second quarter)," Perlin said.Energy prices have surged as the US-Israel war with Iran curtailed shipments through the crucial Strait of Hormuz. The conflict paused following a recent ceasefire between Washington and Tehran, but a framework for a permanent truce is yet to be reached. The war started at the end of February.Price: $50.52, Change: $+0.08, Percent Change: +0.16%
$AFRM$CPAY$FIS$FISV$FOUR$GPN$JKHY$PYPL$RKT$TOST$VYX$XYZ
Wire
Shift4 to Support Ticket, Concession Purchases at Nu Stadium for Inter Miami CF
Shift4 (FOUR) has entered into a partnership with football club Inter Miami CF to provide integrated payment technology, supporting ticket and concession purchases at Nu Stadium in Miami, Inter Miami CF said Monday.Shift4 has been named an official partner of Inter Miami CF and will receive prominent brand visibility and integration within the stadium, according to a statement.Financial terms of the partnership were not provided.Price: $46.13, Change: $+0.84, Percent Change: +1.84%
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Research
BMO Capital Initiates Coverage on Shift4 Payments With Market Perform Rating, $50 Price Target
Shift4 Payments (FOUR) has an average rating of overweight and mean price target of $62.59, according to analysts polled by FactSet.
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Research
Update: Seaport Global Securities Downgrades Shift4 Payments to Neutral From Buy
(Updated to include Seaport's commentary)Seaport Global Securities downgraded Shift4 Payments (FOUR) to neutral from buy, expecting softer discretionary spend and Global Blue headwinds ahead.The firm's guidance now looks weaker than it had previously anticipated, with Global Blue the main callout, analyst Jeff Cantwell wrote in a Thursday note, adding that it no longer sees a path to a $1 billion exit run-rate in adjusted EBITDA next year.Shift4 Payments has an average rating of overweight and mean price target of $64.14, according to analysts polled by FactSet.Price: $48.88, Change: $+0.87, Percent Change: +1.80%
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Research
Seaport Global Securities Downgrades Shift4 Payments to Neutral From Buy
Shift4 Payments (FOUR) has an average rating of overweight and mean price target of $64.14, according to analysts polled by FactSet.
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