Chicago Partners Investment Group LLC Purchases New Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Chicago Partners Investment Group LLC purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,277 shares of the company’s stock, valued at approximately $399,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hunter Associates Investment Management LLC raised its stake in Shift4 Payments by 8.9% in the third quarter. Hunter Associates Investment Management LLC now owns 76,034 shares of the company’s stock valued at $6,747,000 after purchasing an additional 6,244 shares in the last quarter. Insight Folios Inc acquired a new position in Shift4 Payments during the third quarter worth about $210,000. Financial Management Professionals Inc. acquired a new position in Shift4 Payments during the third quarter worth about $56,000. Modera Wealth Management LLC acquired a new position in Shift4 Payments during the third quarter worth about $392,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Shift4 Payments by 11,535.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,038 shares of the company’s stock worth $2,024,000 after acquiring an additional 22,840 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insiders Place Their Bets

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the 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 directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Nancy Disman sold 20,000 shares of the 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 transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jordan Frankel sold 12,500 shares of the 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 transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $90.18 on Tuesday. The business’s 50 day simple moving average is $87.38 and its 200 day simple moving average is $75.44. Shift4 Payments, Inc. has a one year low of $45.92 and a one year high of $96.96. The stock has a market capitalization of $7.99 billion, a PE ratio of 54.65, a PEG ratio of 1.03 and a beta of 1.64. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The firm had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. As a group, research analysts forecast that Shift4 Payments, Inc. will post 3.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on FOUR shares. Oppenheimer started coverage on Shift4 Payments in a research note on Tuesday, October 1st. They set an “outperform” rating and a $109.00 target price for the company. Wells Fargo & Company boosted their target price on Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. The Goldman Sachs Group boosted their target price on Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. DA Davidson boosted their price target on Shift4 Payments from $104.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Morgan Stanley boosted their price target on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $95.53.

About Shift4 Payments

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.