On February 10, 2026, 1492 Capital Management LLC disclosed in a U.S. Securities and Exchange Commission filing that it sold out of Shift4 Payments (NYSE:FOUR). What happened According to an SEC filing dated February 10, 2026, 1492 Capital Management LLC sold its entire holding of 61,345 shares in Shift4 Payments during the fourth quarter. The estimated transaction value was $4.75 million based on the quarterly average share price. The fund reported no remaining shares of Shift4 Payments at quarter end, ...

Company Overview - Shift4 Payments reported a total revenue of $3.9 billion and a net income of $194.8 million for the trailing twelve months (TTM) [5] - The company's stock price as of the last market close was $64.07, reflecting a 37% decline over the past year [5] Recent Developments - Portolan Capital Management reduced its stake in Shift4 Payments by selling 246,414 shares in the third quarter, resulting in a decrease in position value by $28.52 million [2][3][7] - Following the sale, Portolan held 188,761 shares valued at $14.61 million, which now represents 0.79% of its reportable U.S. equity assets under management (AUM) [4][3] Financial Performance - Shift4 Payments reported third-quarter gross revenue of $1.18 billion, marking a 29% year-over-year increase, with gross revenue less network fees rising by 61% [12] - The adjusted EBITDA for the quarter reached $292 million, indicating a 50% margin, while adjusted free cash flow increased by 27% year-over-year to $141 million [12] Strategic Actions - The company has authorized a new $1 billion share repurchase program, the largest in its history, reflecting management's confidence in long-term cash generation [12] - Despite strong operational performance, the stock's underperformance suggests that growth alone may not be sufficient to maintain investor confidence [13]

Company Overview - Shift4 Payments operates as a technology-driven provider of integrated payment and commerce solutions, offering secure, omni-channel transaction capabilities to a wide range of businesses [5][8] - The company utilizes proprietary software and infrastructure to provide seamless payment acceptance and business management tools, positioning itself as a comprehensive partner for merchants [5][8] - As of November 4, 2025, Shift4 Payments had a market capitalization of $6.09 billion, with a revenue of $3.61 billion and a net income of $220.50 million for the trailing twelve months (TTM) [4] Recent Developments - Jackson Square Partners initiated a new position in Shift4 Payments, acquiring 74,100 shares valued at approximately $5.74 million as of September 30, 2025, marking the first appearance of Shift4 Payments in its portfolio [1][2] - This new position accounts for 2.32% of Jackson Square Partners' 13F reportable assets under management [3] Market Performance - As of November 4, 2025, Shift4 Payments shares were priced at $66.74, reflecting a 26% decline over the past year, underperforming the S&P 500 by 45 percentage points [3] - The stock is currently trading near its lowest-ever valuation at 16 times free cash flow (FCF) and 12 times forward earnings, while experiencing a 17% sales growth in the last quarter [10] Competitive Landscape - Shift4 Payments faces significant competition in the payments industry, particularly from companies like Toast, which, despite growing slightly faster, trades at a much higher valuation of 46 times FCF [11] - Shift4's more reasonable valuation and better sales diversification with clients in stadiums and hospitality sectors make it an attractive option for investors looking to buy on dips [11]

Core Insights - Valor PayTech has partnered with 4LeafLabs to provide point-of-sale (POS) solutions aimed at small businesses, enhancing operational efficiency and customer experience without upfront costs [1] - The collaboration includes various technologies such as POS Lite for Android, Kitchen Display Systems (KDS), Orderspoon Online Ordering, and Self-Service Kiosks, all designed to improve communication and reduce wait times in restaurants [2][3] - The partnership is positioned as a significant advancement for small merchants, offering access to affordable, high-quality technology solutions previously unavailable to them [4] Company Developments - Valor PayTech's ISO network will benefit from 4LeafLabs' POS Lite, which features inventory management and multilingual support [1] - The integration of FlexFactor's real-time payment decline recovery solutions aims to minimize transaction declines for merchants using Valor PayTech's technologies [5] Industry Impact - The collaboration is expected to democratize technology for small businesses, allowing them to utilize tools that were once exclusive to larger enterprises [3] - The introduction of self-service options and online ordering capabilities is likely to enhance customer engagement and operational efficiency in the restaurant sector [2][3]

Company Overview - HALA is a leading fintech company in Saudi Arabia, focused on providing embedded financial services to micro, small, and medium enterprises (MSMEs) [11] - The company has rapidly expanded its offerings, which include business accounts, card issuance, payment and transfer services, and point-of-sale solutions [11] - HALA currently serves over 142,000 businesses and processes more than $8 billion in annual transactions [6][11] Investment Details - HALA has successfully raised $157 million in a Series B funding round, marking it as one of the largest fintech Series B funding rounds in the Middle East [1][2] - The funding round was led by The Rise Fund and Sanabil Investments, with participation from various other venture capital firms [2] - The capital raised will be used to strengthen HALA's market position, enhance its service offerings, and expand its regional presence [2] Growth and Vision - The investment reflects HALA's year-on-year growth and the scalability of its operating model, which aligns with Saudi Vision 2030 to boost the contribution of SMEs to GDP [4] - HALA's co-founders expressed their commitment to innovation and excellence in serving small businesses, emphasizing the potential impact on the MSME landscape [7][10] - The company aims to empower micro and small businesses by providing a broad range of payment solutions, which are essential for the region's economy [10]