GAMMA Investing LLC Acquires 466 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

GAMMA Investing LLC lifted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 548.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 551 shares of the company’s stock after acquiring an additional 466 shares during the quarter. GAMMA Investing LLC’s holdings in Shift4 Payments were worth $57,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays initiated coverage on Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. BTIG Research upped their target price on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. B. Riley raised their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and cut their price target for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Finally, Susquehanna increased their price objective on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus target price of $106.40.

Shift4 Payments Trading Down 1.7 %

NYSE FOUR opened at $104.73 on Monday. The stock has a market cap of $9.44 billion, a P/E ratio of 56.92, a price-to-earnings-growth ratio of 1.31 and a beta of 1.71. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $116.84. The stock has a 50 day simple moving average of $104.09 and a two-hundred day simple moving average of $88.58. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98.

Insider Activity at Shift4 Payments

In related news, insider Jordan Frankel sold 5,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock worth $1,211,364 over the last quarter. 30.57% of the stock is owned by corporate insiders.

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.