GAMMA Investing LLC Increases Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

GAMMA Investing LLC increased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 11,022.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,283 shares of the company's stock after acquiring an additional 60,732 shares during the period. GAMMA Investing LLC owned about 0.07% of Shift4 Payments worth $5,007,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FOUR. Asset Management One Co. Ltd. increased its holdings in Shift4 Payments by 14.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after purchasing an additional 99 shares during the period. Elequin Capital LP increased its holdings in Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after purchasing an additional 114 shares during the period. Triumph Capital Management increased its holdings in Shift4 Payments by 3.2% during the 4th quarter. Triumph Capital Management now owns 4,360 shares of the company's stock worth $452,000 after purchasing an additional 137 shares during the period. MRP Capital Investments LLC increased its holdings in Shift4 Payments by 5.9% during the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock worth $280,000 after purchasing an additional 150 shares during the period. Finally, Rakuten Securities Inc. increased its holdings in Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock worth $27,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Analyst Ratings Changes

FOUR has been the topic of several recent research reports. UBS Group cut their price target on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Oppenheimer dropped their price target on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Wall Street Zen cut Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. DA Davidson reaffirmed a "buy" rating and set a $124.00 price objective on shares of Shift4 Payments in a research report on Thursday, June 5th. Finally, Wells Fargo & Company raised their price target on Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.35.

Shift4 Payments Price Performance

NYSE FOUR traded down $4.60 during mid-day trading on Friday, hitting $88.72. The stock had a trading volume of 1,797,875 shares, compared to its average volume of 1,682,760. Shift4 Payments, Inc. has a 52-week low of $57.45 and a 52-week high of $127.50. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 1.04 and a beta of 1.82. The company has a 50 day simple moving average of $86.15 and a 200 day simple moving average of $96.79. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.31. The company had revenue of $368.50 million during the quarter, compared to the consensus estimate of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Shift4 Payments's revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. Equities analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

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.