Michael Burry Stock Portfolio: Top 8 Stock Picks

3. Shift4 Payments Inc. (NYSE:FOUR)

Scion Asset Management’s Stake Value: $13.29 Million

Number of Hedge Fund Holders: 27

Shift4 Payments Inc. (NYSE:FOUR) is a software infrastructure company that provides software and payment processing solutions. Its competitive edge as a software and payment processing company stems from its focus on the resorts, restaurants, sports, and entertainment sectors. Consequently, its revenue growth has averaged 36% over the past two years.

Merchants switching from using multiple software providers to a single system is a major trend propelling Shift4 Payments Inc.’s (NYSE:FOUR) growth. By providing a comprehensive end-to-end system that manages all of a merchant’s requirements for payments, security, reporting, analytics, and more, Shift4 Payments has strengthened its growth prospects. The company has also resorted to acquisitions with sizable customer bases to ramp growth.

Shift4 Payments Inc.’s (NYSE:FOUR) exclusive worldwide partnership with SpaceX’s Starlink broadband service has also improved its market position. The partnership should expand the company’s worldwide payment coverage and give it a competitive advantage in areas where conventional payment infrastructure is not yet available. Its payment has been increasing from $25 billion to $33 billion as of the third quarter of 2024. The sizeable backlog attests to Shift4’s future revenue potential while affirming high demand for the company’s services.