Nov 21, 2025 4:00 PM Eastern Standard Time Shift4 to Participate in Upcoming Investor Conference Share CENTER VALLEY, Pa.--(BUSINESS WIRE)--Shift4 (NYSE: FOUR), the leader in integrated payments and commerce technology, today announced its participation in the following investor conference. On Wednesday, December 3, Christopher N. Cruz, Chief Financial Officer, will present at the UBS Global Technology and AI conference. The discussion will begin at 2:15 p.m. Eastern Time and last for approximately 30 minut ...

OTTAWA, Ontario & CENTER VALLEY, Pa.--(BUSINESS WIRE)--Shift4 (NYSE:FOUR), the leader in integrated payments and commerce technology, has been selected by the Ottawa Senators to power food & beverage concessions payments for the team's home games at Canadian Tire Centre. Shift4 provides sports and entertainment venues with an end-to-end commerce ecosystem including a wide range of payments technologies and integrations to deliver a seamless ordering and payment experience while simplifying. ...

Key Points California-based Darlington Partners Capital Management purchased 105,320 additional shares of Shift4 Payments in the third quarter. At quarter-end, the fund reported holding nearly 5.1 million total shares of Shift4, valued at $392.6 million. The position is about 13.3% of overall AUM, making it the fund's second-largest holding. These 10 stocks could mint the next wave of millionaires › California-based Darlington Partners Capital Management increased its stake in Shift4 Payments (NY ...

Core Insights - U.S. stocks experienced a rally in Q3, supported by the Federal Reserve's interest rate cut and steady economic data, with the Russell Midcap® Growth Index increasing by 2.78% [3][17] - The Wasatch U.S. Select Fund underperformed, declining by -1.93%, primarily due to concentrated holdings in stocks that faced slower revenue growth [3][4][17] Fund Performance Analysis - The Fund's performance was negatively impacted by a few concentrated stock holdings that reported slower revenue growth, leading to significant declines in their stock prices [4][6] - The investment strategy focuses on high-quality, long-duration growth companies, which faced headwinds as low-quality stocks gained favor in the market [7] Key Detractors - BellRing Brands, Inc. (BRBR) was the largest detractor, with concerns over competition in the protein shake category; however, the long-term outlook remains positive due to category growth potential [8] - Shift4 Payments, Inc. (FOUR) faced stock price declines despite solid organic revenue growth, attributed to macroeconomic concerns and investor sentiment following its acquisition of Global Blue [9] - Inspire Medical Systems, Inc. (INSP) was sold during the quarter after management downgraded guidance due to delays in product rollout, raising execution concerns [10] Top Contributors - Medpace Holdings, Inc. (MEDP) was the top contributor, with strong revenue and earnings growth, raising full-year guidance despite a slowdown in biotech funding [11] - Fabrinet (FN) benefited from strong product adoption, particularly in data centers linked to AI, although the investment is not solely based on AI themes [12] - Nova Ltd. (NVMI) also contributed positively, with a strong track record in semiconductor manufacturing, benefiting from increasing complexity in the industry [13] Future Outlook - The Fund remains committed to its investment philosophy, focusing on high-quality growth companies despite recent underperformance [14] - The fundamentals of the companies within the Fund are encouraging, with strong earnings growth expected to drive return potential over a three- to five-year horizon [15]

Core Insights - Wolf Hill Capital Management significantly reduced its stake in Shift4 Payments by selling 788,852 shares, resulting in an estimated change of $73.33 million based on quarterly average pricing [2][3] - Shift4 Payments shares were priced at $72.26 as of November 13, 2025, reflecting a 29% decline over the past year, underperforming the S&P 500 by 40 percentage points [3][4] Company Overview - Shift4 Payments is a leading provider of integrated payment and commerce technology, offering a diversified suite of products for businesses across multiple verticals [5] - The company generates revenue primarily through transaction processing fees, software subscriptions, and value-added services for merchants [7] - As of November 13, 2025, Shift4 Payments has a market capitalization of $6.43 billion and reported revenue of $3.88 billion with a net income of $194.80 million [4] Operational Performance - In the latest quarter, Shift4 Payments reported a 26% increase in payment volume and a 21% increase in operating cash flow [10] - The company is the number one payment provider for the hospitality and sports & entertainment verticals in the U.S. and has become the number two player in the U.S. restaurant industry [10] Competitive Position - Shift4 Payments operates in 75 countries and continues to acquire complementary businesses, positioning itself as a growth stock trading at 14 times forward earnings [11] - The company's competitive edge lies in its end-to-end technology stack, robust integrations, and focus on security and operational efficiency for merchants [8]

Core Insights - TQI's Asymmetric Ideas Series has generated an average return of approximately 133% since its launch in April 2023, with 9 picks resulting in multi-bagger outcomes [1] - Shift4 Payments, Inc. (FOUR) stock increased from the $60s to the $120s between May 2024 and early 2025, attributed to strong business performance [1] - TQI aims to simplify and enhance the investing experience for all investors through various resources, including premium equity research reports and model portfolios [1] Company Overview - TQI was established in July 2022 with a mission to make investing simple, enjoyable, and profitable [1] - The organization provides access to proprietary software tools and group chats, catering to different stages of the investor lifecycle [1] Performance Metrics - As of November 11, 2025, TQI's Asymmetric Ideas Series has made 31 picks, showcasing significant returns [1] - The performance of Shift4 Payments, Inc. is highlighted as a key success story within TQI's investment strategy [1]

Core Insights - TQI's Asymmetric Ideas Series has generated an average return of approximately 133% since its launch in April 2023, with 31 picks, including 9 multi-bagger outcomes [1] - Shift4 Payments, Inc. (FOUR) stock increased from the $60s to the $120s by early 2025, attributed to strong business performance [1] - TQI aims to simplify and enhance the investing experience through premium equity research, model portfolios, proprietary software tools, and community engagement [1] Company Overview - TQI was established in July 2022 with a mission to make investing simple, enjoyable, and profitable for all investors [1] - The company publishes premium equity research reports on Seeking Alpha and offers various features tailored to different investor needs [1] Performance Metrics - The Asymmetric Ideas Series has seen significant success, with a notable average return and multiple high-performing picks [1] - Shift4 Payments has demonstrated robust business performance, contributing to its stock price appreciation [1]

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Summary of Shift4's Earnings Call Company Overview - **Company**: Shift4 Payments, a financial services and fintech company - **New CFO**: Chris Cruz, who has nearly a decade of experience on Shift4's board and a background in financial services [1][2] Key Highlights from the Quarter - **Performance**: Shift4 delivered results in line with expectations and affirmed medium-term guidance, aiming for an adjusted free cash flow exit rate of $1 billion by 2027 [3][4] - **Acquisition Integration**: The integration of Global Blue is ahead of schedule, with expectations for significant revenue growth in 2026 [4][5] - **Share Repurchase Program**: A $1 billion share repurchase program was authorized, doubling the previous program, indicating confidence in the company's valuation [5][6] Focus Areas for Upcoming Year 1. **Diversification and Scaling**: Shift4 aims to expand its market presence across six continents, particularly in Europe, while maintaining strong EBITDA margins [6][7] 2. **Cross-Selling Opportunities**: The company plans to leverage the Global Blue acquisition to enhance value creation through cross-selling [7][8] 3. **Market Leadership in Restaurants**: Shift4 sees significant growth potential in its SkyTab product, especially in international markets [8][9] Market Entry Strategy - **Disciplined Approach**: Shift4 employs a disciplined strategy for entering new markets, using its existing strengths in payment processing and market-leading positions in various sectors [10][11] - **Focus on Luxury Retail**: The company is targeting luxury retail markets, leveraging its Global Blue acquisition to enhance tax-free shopping experiences [12][13] Financial Metrics and Guidance - **Organic Growth**: Shift4 reported an 18% organic growth rate, with significant contributions from international markets and luxury retail [21][22] - **Adjusted Free Cash Flow**: The company aims for over 50% adjusted free cash flow conversion, with growth and deleveraging as key drivers [33][34] Global Blue Acquisition Insights - **Performance Variability**: Global Blue's performance showed a -11% sales in store metric in Asia-Pacific, primarily due to challenging comparisons from the previous year, while Europe saw a +13% growth [40][41] - **Long-Term Growth Potential**: The Global Blue business is expected to grow in the low to mid double digits, with significant opportunities for payment cross-sell [42][43] Macro Sensitivity and Market Dynamics - **Consumer Behavior**: Shift4's data indicates a bifurcated consumer market, with lower-end consumers pulling back while affluent consumers remain strong [17][18] - **Currency Impact**: The strength of the US dollar affects demand for luxury goods, with a preference for a strong dollar to drive international purchases [46][47] Capital Allocation Strategy - **Priorities**: Shift4's capital allocation focuses on customer acquisition, product enhancements, inorganic growth, and share repurchases, with a current emphasis on share buybacks due to attractive valuations [28][29] - **Leverage Management**: The company aims to maintain a net leverage ratio below 3.75 times, with plans for continued deleveraging [31][32] Conclusion - **Durability of Growth**: Shift4 emphasizes its ability to sustain high growth rates and aims to close the valuation gap by demonstrating consistent performance and strategic execution [39][40]

Group 1 - Shift4 Payments has gained attention due to Jared Isaacman's renewed nomination by President Trump to lead NASA, which has brought the company back into the spotlight after a period of low visibility [1][2] - The company, founded in 1999, provides payment processing solutions for various sectors including restaurants, hotels, and e-commerce, and has evolved into a significant player handling billions of transactions [3] - Despite the growing demand for digital payment solutions, Shift4 has faced challenges in gaining favor with Wall Street, with its stock down nearly 36% over the past year and approximately 40% in 2025 [4] Group 2 - Shift4 Payments is currently valued at nearly $6 billion, but its stock performance has been poor compared to the broader S&P 500 Index, which has increased by about 12.51% over the past year [4][5] - The stock recently hit a 52-week low of $62.55, and it is trading at a valuation of 1.8 times sales, significantly lower than the sector average of 3 times sales and its own five-year average of 2.4 times [5]