Chesapeake Capital Corp IL Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

by · The Markets Daily

Chesapeake Capital Corp IL acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,279 shares of the company’s stock, valued at approximately $552,000.

A number of other large investors also recently modified their holdings of FOUR. Waldron Private Wealth LLC bought a new stake in Shift4 Payments during the third quarter worth $25,000. Transcendent Capital Group LLC bought a new stake in Shift4 Payments during the third quarter worth $27,000. Toth Financial Advisory Corp bought a new stake in Shift4 Payments during the third quarter worth $32,000. Financial Management Professionals Inc. bought a new stake in Shift4 Payments during the third quarter worth $56,000. Finally, Quarry LP bought a new stake in Shift4 Payments during the second quarter worth $60,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

NYSE FOUR opened at $97.01 on Friday. The company has a market cap of $8.60 billion, a P/E ratio of 52.72, a P/E/G ratio of 1.17 and a beta of 1.64. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.34 and a current ratio of 2.98. The business’s 50 day moving average price is $90.75 and its 200-day moving average price is $77.76. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $106.31.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. This represents a 9.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of recent analyst reports. William Blair initiated coverage on Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating for the company. Oppenheimer initiated coverage on Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective for the company. Stephens upped their price objective on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Piper Sandler upped their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Susquehanna upped their price objective on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus price target of $100.15.

Check Out Our Latest Analysis on FOUR

Shift4 Payments Company Profile

(Free Report)

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.

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