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

Chesapeake Capital Corp IL lessened its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 12.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,617 shares of the company’s stock after selling 1,104 shares during the period. Chesapeake Capital Corp IL’s holdings in Shift4 Payments were worth $503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FOUR. Voss Capital LLC purchased a new stake in shares of Shift4 Payments during the 4th quarter worth $11,151,000. Peregrine Capital Management LLC purchased a new stake in shares of Shift4 Payments during the 4th quarter worth $6,040,000. Donoghue Forlines LLC purchased a new stake in shares of Shift4 Payments during the 4th quarter worth $1,506,000. Norges Bank purchased a new stake in shares of Shift4 Payments during the 4th quarter worth $26,935,000. Finally, Thematics Asset Management purchased a new stake in shares of Shift4 Payments during the 4th quarter worth $17,842,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction on Friday, June 7th. The shares were sold at an average price of $72.06, for a total value of $72,060.00. Following the transaction, the director now directly owns 9,474 shares in the company, valued at $682,696.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $72.34, for a total transaction of $723,400.00. Following the transaction, the chief financial officer now directly owns 274,954 shares in the company, valued at $19,890,172.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $72.06, for a total transaction of $72,060.00. Following the transaction, the director now owns 9,474 shares in the company, valued at $682,696.44. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by company insiders.

Shift4 Payments Stock Performance

NYSE FOUR traded down $0.38 during trading on Friday, reaching $66.33. The company’s stock had a trading volume of 2,364,134 shares, compared to its average volume of 1,047,954. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 44.52, a P/E/G ratio of 0.84 and a beta of 1.63. Shift4 Payments, Inc. has a twelve month low of $42.91 and a twelve month high of $92.30. The business’s fifty day moving average price is $70.06 and its 200-day moving average price is $70.73.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $263.70 million during the quarter, compared to analyst estimates of $268.55 million. Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. As a group, analysts anticipate that Shift4 Payments, Inc. will post 3.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FOUR shares. Morgan Stanley decreased their price objective on shares of Shift4 Payments from $70.00 to $66.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Wedbush assumed coverage on shares of Shift4 Payments in a research report on Friday, May 24th. They set a “neutral” rating and a $75.00 price objective for the company. DA Davidson reissued a “buy” rating and issued a $96.00 price target on shares of Shift4 Payments in a research report on Wednesday, May 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $94.00 price target on shares of Shift4 Payments in a research report on Wednesday, April 3rd. Finally, Mizuho reduced their price target on shares of Shift4 Payments from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.22.

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.