6,279 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,279 shares of the company’s stock, valued at approximately $552,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Centaurus Financial Inc. grew its holdings in Shift4 Payments by 2.6% during the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after acquiring an additional 119 shares during the period. First Dallas Securities Inc. grew its holdings in Shift4 Payments by 1.8% during the second quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock worth $844,000 after acquiring an additional 200 shares during the period. J.Safra Asset Management Corp grew its holdings in Shift4 Payments by 25.7% in the second quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock valued at $72,000 after purchasing an additional 202 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Shift4 Payments by 3.3% in the second quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock valued at $477,000 after purchasing an additional 210 shares during the period. Finally, CWM LLC grew its holdings in Shift4 Payments by 27.1% in the second quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after purchasing an additional 241 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $97.01 on Friday. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $106.31. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 52.72, a PEG 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.

Wall Street Analysts Forecast Growth

FOUR has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday. The Goldman Sachs Group raised their price objective on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a report on Thursday. Susquehanna raised their price objective on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday. Oppenheimer initiated coverage on Shift4 Payments in a report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective on the stock. Finally, Benchmark reissued a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.15.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred 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 transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by company insiders.

Shift4 Payments Profile

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.