Here’s Why Shift4 Payments Inc. (FOUR) Declined -21.9% in Q3

Group 1: Fund Performance - Brown Brothers Harriman's BBH Select Series - Mid Cap Fund decreased by -0.9% in Q3 2025, underperforming the Russell Midcap Index which returned 5.3% [1] - Year-to-date, the fund has a total return of -1.8%, compared to the Index's 10.4% [1] - The third quarter saw a continuation of the low-quality rally that began late last year, gaining momentum throughout 2025 [1] Group 2: Shift4 Payments, Inc. Overview - Shift4 Payments, Inc. (NYSE:FOUR) experienced a one-month return of -8.58% and a 52-week decline of 34.27%, closing at $66.90 per share with a market capitalization of $5.929 billion on December 09, 2025 [2] - In Q3 2025, Shift4 Payments was one of the largest detractors to the fund's performance, declining -21.9% during the quarter [3] - The company specializes in integrated payment processing solutions for the hospitality sector, including restaurants and lodging [3] Group 3: Financial Performance and Guidance - Shift4 Payments slightly missed consensus estimates on volumes, EBITDA, and EPS, while beating on net revenue and free cash flow [3] - The company raised its annual guidance for net revenue, excluding the recent acquisition of Global Blue, but the overall guidance was below consensus estimates for volumes [3] - Shift4 continues to expect over 20% organic net revenue growth for the year and is tracking toward the high end of its intermediate-term guidance issued in January [3] Group 4: Hedge Fund Interest - Shift4 Payments, Inc. was held by 45 hedge fund portfolios at the end of Q3 2025, down from 55 in the previous quarter [4] - While the potential of Shift4 Payments is acknowledged, certain AI stocks are considered to offer greater upside potential with less downside risk [4]