LOS ANGELES & CENTER VALLEY, Pa. - Payment processing company Shift4 (NYSE:FOUR) has been selected by the Los Angeles Rams to handle the National Football League team's ticket sales transactions in partnership with Ticketmaster. This collaboration aims to provide a smooth payment experience for the fans of the Super Bowl LVI champions.
The Los Angeles Rams will integrate Shift4's payment technology to enhance the purchasing process for season ticket members. The Rams organization has expressed enthusiasm for the partnership, highlighting the importance of secure and efficient payment systems for their fan base.
Shift4's Senior Vice President of New Verticals, Anthony Perez, stated that the company is eager to contribute to a top-tier ticket-buying experience for Rams fans. Shift4's payment solutions are already in use across major sports leagues and various business sectors, aiming to modernize how customers engage in transactions at sports venues and beyond.
The partnership between Shift4 and the Los Angeles Rams is set to enhance the game day experience by streamlining the way fans purchase tickets, ensuring that transactions are both secure and user-friendly.
This development is based on a press release statement from Shift4.
InvestingPro Insights
Shift4 (NYSE:FOUR), the payment processing company now in the spotlight for its partnership with the Los Angeles Rams, is trading at a high earnings multiple with a current P/E Ratio of 49.28. Despite recent volatility, with a 10.06% drop in the stock price over the last week, the company's fundamentals show strong revenue growth, up 28.65% over the last twelve months as of Q4 2023.
Investors looking at the longer-term performance of Shift4 will note the significant 26.14% price increase over the past six months, reflecting investor optimism and the company's robust revenue growth. The company's gross profit margin stands at 26.82%, indicating a solid profitability potential in the payment processing industry.
For those considering an investment in Shift4, it's worth noting that the company has been profitable over the last twelve months and analysts predict it will be profitable this year as well. Additionally, Shift4's liquid assets exceed its short-term obligations, suggesting a good liquidity position.
InvestingPro Tips for Shift4 indicate a mixed outlook: while net income is expected to grow this year, some caution may be warranted as 13 analysts have revised their earnings downwards for the upcoming period. Moreover, the stock's recent performance has been volatile, and it is trading at a high Price / Book multiple of 9.5.
For more detailed analysis and additional InvestingPro Tips on Shift4, investors can visit https://www.investing.com/pro/FOUR. There are 9 more tips available, offering a comprehensive view of the company's financial health and market position. Don't forget to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.