FOUR
Shift4 Payments, Inc.
Research: Finviz ↗·Perplexity ↗
No convergence signal this quarter — shown because tracked funds have filed 13D/G on this stock.
News Summary
NegativeShift4 reported Q2 2026 revenue and EBITDA beats but triggered an 18% stock selloff by cutting full-year guidance by ~200bps due to Middle East travel disruptions (~$25M Q3 impact) and FX headwinds (~$20M). Multiple analysts (BTIG, Mizuho) subsequently reduced price targets, and shares have fallen 54% from 52-week highs to $37.03 by late September despite maintained underlying growth (34–51% YoY) and continued strategic expansion.
Red flags
- •Full-year 2026 guidance cut despite Q2 beat; estimated ~$45M headwind from Middle East disruptions and FX
- •Stock down 54% from 52-week high ($80.98 to $37.03); multiple analyst downgrades (BTIG, Mizuho, Morgan Stanley, Raymond James) in recent months
- •Integration challenges flagged post-Global Blue acquisition (July 2025); limited synergy disclosures and free cash flow conversion shortfalls per Morgan Stanley
- •2027 organic growth outlook uncertain; Mizuho flagged Wall Street models (low-teens growth) may be too optimistic
- •Macroeconomic sensitivity exposed: Middle East geopolitical disruption directly impacting travel/hospitality payment volumes
Fund 13D/13G Filings (3)
Tracked funds' beneficial-ownership filings on this stock — disclosed within days of a position change, fresher than the quarterly 13F. Since Filing compares the stock to SPY from the filing date (shown for filings within the last 90 days).
| Fund | Form | ∆ Shares | % of Class | Since Filing | Filed | Src |
|---|---|---|---|---|---|---|
| Durable Capital Partners | SC 13G/A | −1.7M | 5.6% | -17.3% vs SPY -17.2% abs | 2026-08-14 | ↗ |
| Durable Capital Partners | SC 13G/A | — | 7.6% | +8.7% vs SPY +14.2% abs | 2026-05-15 | ↗ |
| Durable Capital Partners | SC 13G/A | — | 9.8% | — | 2026-02-17 | ↗ |
Tracked Funds Holding (2)
| Fund | Manager | Shares Held | Position Value |
|---|---|---|---|
| Durable Capital Partners | Henry Ellenbogen | 4.4M | $215M |
| Point72 | Steve Cohen | 1.2M | $57M |
Quarter-end 13F positions for the tracked funds holding this stock.