SHIFT4 PAYMENTS, INC.
In the published model solve dated 2026-Q2, anchored at $44.00, SHIFT4 PAYMENTS, INC. (FOUR) is priced for -0.5% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• Shift4 spent its balance sheet on a second business: Global Blue closed in the third quarter of 2025 and brought tax-free shopping, now a named revenue line at 6% of the mix, plus a cross-border retail footprint the domestic payments operation never had. • The purchase is already visible in the top line, with March-quarter volume of 56 billion dollars against 45 billion a year earlier and gross revenue less network fees up 49% [Source: Q1 FY2026 Form 10-Q], while the financing is visible faste
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342 institutional managers reported holding FOUR in 13F filings for the quarter ended 2026-03-31. Together they hold about 85% of the company; the top 10 hold 50%. 53 opened new positions that quarter. Held by BlackRock, Vanguard Group, UBS, among others. On the short side, 16.7M shares were sold short as of the 2026-06-15 count, about 21% of shares outstanding (8.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
Open-market insider buys at FOUR over the trailing three years: 2024: 4 buys totaling $11.33M; 2025: 2 buys totaling $16.27M; 2026: 4 buys totaling $17.67M. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FOUR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | +1.1% | -14.7% |
| 2023-11-10 | +16.5% | +30.3% |
| 2024-03-01 | +18.0% | -28.9% |
| 2024-05-11 | +10.8% | +8.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FOUR's latest 8-K filings: 2026-08-06 (items 2.02, 9.01); 2026-07-13 (items 1.01, 2.03, 9.01); 2026-06-17 (items 5.07, 9.01); 2026-05-07 (items 2.02, 9.01); 2026-03-09 (items 5.02, 7.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.