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

Chesapeake Capital Corp IL acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,279 shares of the company's stock, valued at approximately $552,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Senator Investment Group LP raised its position in Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company's stock valued at $41,240,000 after purchasing an additional 555,737 shares in the last quarter. Artemis Investment Management LLP lifted its holdings in shares of Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company's stock valued at $40,532,000 after purchasing an additional 242,684 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Shift4 Payments by 7.1% during the first quarter. Bessemer Group Inc. now owns 218,921 shares of the company's stock valued at $14,465,000 after purchasing an additional 14,438 shares during the last quarter. Coronation Fund Managers Ltd. bought a new position in Shift4 Payments in the second quarter valued at about $1,378,000. Finally, Scion Asset Management LLC purchased a new position in shares of Shift4 Payments during the 2nd quarter worth $7,335,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the company'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 transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 5.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, September 13th. The shares were 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 of the company's stock, valued at $14,874,566.70. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on FOUR shares. Barclays began coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They set an "overweight" rating and a $120.00 price objective for the company. B. Riley lifted their price objective on shares of Shift4 Payments from $104.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday. Stephens upped their price target on Shift4 Payments from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Benchmark restated a "buy" rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. Finally, DA Davidson raised their target price on Shift4 Payments from $118.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday. Three equities 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.15.

Shift4 Payments Trading Down 1.8 %

Shares of FOUR stock traded down $1.77 on Friday, hitting $97.01. The company had a trading volume of 1,268,335 shares, compared to its average volume of 1,347,937. 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 stock's 50-day moving average is $90.75 and its two-hundred day moving average is $77.90. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $106.31. The firm 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.

Shift4 Payments Company 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.