Corsair Capital Management L.P. Buys 5,486 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Corsair Capital Management L.P. raised its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 7,515.1% in the 3rd quarter, Holdings Channel reports. The firm owned 5,559 shares of the company’s stock after purchasing an additional 5,486 shares during the quarter. Corsair Capital Management L.P.’s holdings in Shift4 Payments were worth $493,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Waldron Private Wealth LLC bought a new position in Shift4 Payments during the 3rd quarter worth $25,000. Transcendent Capital Group LLC bought a new position in Shift4 Payments during the 3rd quarter worth $27,000. Toth Financial Advisory Corp bought a new position in Shift4 Payments during the 3rd quarter worth $32,000. Financial Management Professionals Inc. bought a new stake in Shift4 Payments in the 3rd quarter valued at about $56,000. Finally, Quarry LP acquired a new position in Shift4 Payments during the 2nd quarter valued at about $60,000. 98.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FOUR shares. Stephens lifted their price target on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Barclays initiated coverage on Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target for the company. BTIG Research upped their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. 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, November 13th. Finally, 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, November 13th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.15.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated 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 directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the sale, 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. Company insiders own 30.57% of the company’s stock.

Shift4 Payments Trading Up 0.8 %

Shares of NYSE FOUR opened at $112.62 on Wednesday. The company has a market cap of $10.15 billion, a PE ratio of 60.67, a P/E/G ratio of 1.39 and a beta of 1.64. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $113.85. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The firm’s 50 day moving average price is $94.46 and its 200-day moving average price is $80.18.

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.