Positive context积极背景
Stocks股票 / Financials / FOUR
Shift4 · Financials
FOUR US listed · USD美股 · 美元
Shift4 Payments, Inc. is an American payment processing company based in Allentown, Pennsylvania.Shift4 Payments, Inc.是一家美国支付处理公司，总部位于宾夕法尼亚州阿伦敦。
Financials
S&P 400标普400中盘
Financial金融股
$48.00
+$4.08 · +9.29%
52w low52周低 $34.39high高 $93.17
Extended — wait for a pullback过度拉伸 — 等待回撤
Stretched/late — protect gains and don't start new positions; let the next low set up first.已拉伸／晚期——保护利润，不要新开仓；先等下一个低点构筑成形。
Live实时
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-08-14
Momentum (RSI 14)动量（RSI 14）
50
Neutral zone中性区域
vs 50-day average相对50日均线
+3.6% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
-10.5% below下方
Long trend down长期向下
Volatility波动率
99th percentile第99百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Estimates being cut预期下调
Mixed — beat 2 of last 4 quarters表现不稳 — 近 4 季中 2 季超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 -0.9%
Financials财务数据
fiscal years财年Revenue营业收入
$4.2B2025
20202025
5-yr growth5年复合增速 40.4%
Free cash flow自由现金流
$624.0M2025
20202025
Operating margin营业利润率
8.4%
Net margin净利率
3.5%
FCF margin自由现金流利润率
15.2%
Balance-sheet quality财务体质 4/7
Return on equity股本回报率 10%
Watch关注
Leverage杠杆
Net debt / EBITDA净债务/EBITDA4.57
Capital allocation资本配置
Buybacks (TTM)回购（TTM）$453.0M
Stock-based comp股权薪酬$82.0M
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Sector / Theme行业/主题
Payments & Fintech theme — #16 of 49 themes「支付与金融科技」主题 — 49 个主题中第 16 位
Macro宏观
Short-duration name into a restrictive, rising-real-rate regime → rate tailwind.短久期标的进入偏紧、实际利率上行的环境→利率顺风。
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
FOUR StochRSI turned up from oversoldFOUR StochRSI自超卖区上行
Options positioning期权持仓
as of last close截至上一收盘Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡
Expected daily move预期日波动
±3.71%
Expected weekly move预期周波动
±8.28%
Gamma flip伽玛翻转位
$41
25d risk reversal25d风险逆转
6.0%
Flow:资金流向： $0M premium traded; 0% 0DTE; P/C 0.34; ~leans bullish (direction approx)成交权利金 $0M；0DTE占0%；看跌看涨比 0.34；≈偏看涨（方向近似）
Skew: greed偏斜：贪婪
Call and put walls are plotted on the Trade levels ladder →看涨/看跌期权墙已标注在「交易点位」阶梯上 →
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： +$33.6M net (1 buyers, 0 sellers)+$33.6M 净值（1 买家，0 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| Durable Capital Partners | B | Holding持有 | 2.8% | 2026-03-31 |
Signal history信号历史
engine events引擎事件
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS. Late in the daily cycle (day 44 of ~23-44) — odds favor a dip into the next cycle low from here even with the trend intact止盈。处于日线周期晚期（约 23-44 天中的第 44 天）——即便趋势完好，从此处概率上仍倾向于回落至下一个周期低点
Aug 13, 2026
FOUR StochRSI turned up from oversoldFOUR StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $48.00.StochRSI重回20上方 — 下行动量趋缓的最早预警。$48.00。
Aug 12, 2026
NEARING A LOW → BOTTOMING接近低点 → 筑底中
BUY SETUP买入预备
Aug 6, 2026
NEARING A HIGH → NEARING A LOW接近高点 → 接近低点
GET READY准备
Aug 6, 2026
FOUR daily MACD crossed downFOUR 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $43.36.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$43.36。
Aug 5, 2026
FOUR lost its 200-day averageFOUR 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $53.38.收盘跌破200日均线 — 经典的空头分界线。$53.38。
Aug 4, 2026
FOUR reclaimed its 200-day averageFOUR 收复200日均线
Price closed back above the 200-day moving average — the classic bull dividing line. $55.61.收盘重回200日均线 — 经典的多头分界线。$55.61。
Jul 31, 2026
BUY ZONE → NEARING A HIGH买入区 → 接近高点
TAKE PROFITS止盈
Jul 30, 2026
FOUR lost its 200-day averageFOUR 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $53.73.收盘跌破200日均线 — 经典的空头分界线。$53.73。
Showing the last 15 of显示最近15条，共 288 signals条信号
Company profile公司档案
Shift4 Payments, Inc. is an American payment processing company based in Allentown, Pennsylvania.Shift4 Payments, Inc.是一家美国支付处理公司，总部位于宾夕法尼亚州阿伦敦。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Quality质量
Below market低于市场
Investment资本投入
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Above market高于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Margin compression despite revenue growth
- Receivables stretch
- Inventory build
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
4/100 — weaker than most弱于多数
vs market, 3 months相对大盘（3个月）
79/100 — stronger than most强于多数
vs market, 6 months相对大盘（6个月）
23/100 — weaker than most弱于多数
vs market, 12 months相对大盘（12个月）
5/100 — weaker than most弱于多数
Rank in sector行业内排名
#239 / 262
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +10.7% | +1.2% |
| 1 Month近1月 | -4.0% | +3.5% |
| 3 Months近3月 | +14.2% | +5.2% |
| 6 Months近6月 | -12.7% | +14.4% |
| Year to date年初至今 | -23.4% | +14.2% |
| 1 Year近1年 | -46.7% | +21.6% |
| 3 Years近3年 | -20.4% | +79.7% |
Trading information交易信息
Beta vs market贝塔
1.37
Volatility rank波动率分位
99th pctile
Off 52-week high距52周高点
-47.6%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $767M | $1.4B | $2.0B | $2.6B | $3.3B | $4.2B |
| EPS每股收益 | — | — | — | — | — | — |
| Free cash flow自由现金流 | $19M | $-5M | $267M | $375M | $493M | $624M |
| Gross margin毛利率 | 23.2% | 20.4% | — | — | — | — |
| Net margin净利率 | -2.4% | -3.5% | 3.8% | 3.4% | 6.9% | 2.8% |
| FCF margin自由现金流利润率 | 2.4% | -0.4% | 13.4% | 14.6% | 14.8% | 14.9% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$4.2B
Net income净利润
$147M
Operating cash flow经营现金流
$634M
Total assets总资产
$8.7B
Shareholder equity股东权益
$1.4B
Long-term debt长期负债
$4.5B
Buybacks股票回购
$453M
Returns & growth回报与增长
Return on equity股本回报率
10.2%
Return on assets资产回报率
1.7%
Debt / assets负债/资产
52.1%
Profit growth利润增速
-50.1%
Asset growth资产增速
+72.8%
Accounting quality checks会计质量检查
- Earnings quality: earnings cash-backed盈利质量：盈利有现金支撑
- Working capital: inventory +493% vs sales +334%; receivables +700% vs sales +445% — demand & revenue-quality risk营运资本：存货 +493% 对销售 +334%；应收 +700% 对销售 +445%——需求与营收质量风险
- Capital discipline: assets +72.8% (aggressive expansion)资本纪律：资产 +72.8%（扩张激进）
- Balance sheet: leverage unremarkable资产负债表：杠杆水平一般
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
50
RSI (2-day)RSI（2日）
85
vs 20-day average相对20日均线
-2.5%
vs 50-day average相对50日均线
+3.6%
vs 200-day average相对200日均线
-10.5%
Golden cross (50>200)金叉（50>200）
not in effect未生效
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum up动能向上
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
expanding — range opening up扩张中 — 波幅放大
Range width percentile波幅宽度分位
89/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Mar 2026 | $0.80 | $0.76 | +5.3% |
| Dec 2025 | $1.22 | $1.39 | -12.2% |
| Sep 2025 | $1.33 | $1.25 | +6.4% |
| Jun 2025 | $0.97 | $1.00 | -3.0% |
Estimate revisions预期修正
Analysts covering覆盖分析师
5
Estimate direction预期调整方向
mostly cutting多数下调
Estimate change, 90 days预期变化（90天）
-5.4%
Net upgrades, 30 days净上调（30天）
-3
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Options — full detail期权持仓 — 完整明细
Dealer positioning map做市商持仓地图
Call wall看涨期权墙
$50
Put wall看跌期权墙
$42
Gamma flip伽玛翻转位
$41
Upside magnet上方磁吸位
$50
Downside magnet下方磁吸位
$45
Net dealer gamma做市商净伽玛
+$0.0B
Distance to flip距翻转位
+10.0%
Walls and magnets are strikes with heavy open interest — price often slows or gravitates there.期权墙与磁吸位是未平仓集中的行权价 — 价格常在附近减速或被吸引。
Volatility pricing波动率定价
Implied volatility (30d)隐含波动率（30天）
1%
25-delta risk reversal25-delta风险逆转
+6.0%
Call-put IV spread看涨-看跌IV价差
+0.0pp
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| Durable Capital Partners | B | Holding持有 | 2.8% | $270M |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
1
Buying vs selling买入vs卖出
0 : 0
Quarterly trend季度趋势
{'direction': 'distributing', 'n_quarters': 11, 'holders_first': 2, 'holders_last': 1, 'holders_delta': -1, 'value_change_pct': 6.6, 'from_period': '2023-09-30', 'to_period': '2026-03-31', 'available_on': '2026-05-16', 'available_on_first': '2023-11-15', 'holders_series': [2, 2, 1, 1, 1, 1, 1, 1, 1, 1, 1]}{'direction': 'distributing', 'n_quarters': 11, 'holders_first': 2, 'holders_last': 1, 'holders_delta': -1, 'value_change_pct': 6.6, 'from_period': '2023-09-30', 'to_period': '2026-03-31', 'available_on': '2026-05-16', 'available_on_first': '2023-11-15', 'holders_series': [2, 2, 1, 1, 1, 1, 1, 1, 1, 1, 1]}
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
+$33.6M
Insider buyers vs sellers内部人买家vs卖家
1 : 0
Days to cover回补天数
15.5
Short interest change空头变化
-2.9%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
May · 100%
Weakest month最弱月份
Aug · 25%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 33% | -3.0% | 3 |
| Feb2月 | 33% | -17.2% | 3 |
| Mar3月 | 33% | -18.2% | 3 |
| Apr4月 | 67% | +2.5% | 3 |
| May5月 | 100% | +15.2% | 3 |
| Jun6月 | 100% | +9.0% | 3 |
| Jul7月 | 75% | +4.1% | 4 |
| Aug8月 | 25% | -6.8% | 4 |
| Sep9月 | 33% | -1.7% | 3 |
| Oct10月 | 33% | -10.5% | 3 |
| Nov11月 | 100% | +24.3% | 3 |
| Dec12月 | 33% | -8.2% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。