GAMMA Investing LLC Buys 60,732 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

GAMMA Investing LLC increased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 11,022.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,283 shares of the company's stock after purchasing an additional 60,732 shares during the period. GAMMA Investing LLC owned 0.07% of Shift4 Payments worth $5,007,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in Shift4 Payments in the 4th quarter valued at about $812,000. Sovran Advisors LLC acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $293,000. Louisiana State Employees Retirement System acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $1,982,000. Legato Capital Management LLC purchased a new position in Shift4 Payments during the fourth quarter worth approximately $250,000. Finally, Asset Management One Co. Ltd. boosted its stake in Shift4 Payments by 14.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after buying an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Trading Down 2.3%

Shares of NYSE:FOUR traded down $2.17 during mid-day trading on Thursday, hitting $93.36. The stock had a trading volume of 760,776 shares, compared to its average volume of 1,680,405. Shift4 Payments, Inc. has a 12-month low of $57.45 and a 12-month high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The company has a market cap of $8.27 billion, a PE ratio of 30.41, a P/E/G ratio of 1.04 and a beta of 1.82. The company's 50 day moving average is $85.85 and its 200-day moving average is $96.94.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its 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 for the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business's revenue was up 39.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. On average, sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Activity

In other news, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 25.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FOUR shares. Keefe, Bruyette & Woods reduced their target price on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Wall Street Zen lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Morgan Stanley decreased their price objective on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Barclays cut their target price on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Finally, Susquehanna lifted their target price on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research 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 issued a strong buy rating to the company. Based on data from MarketBeat, Shift4 Payments currently has an average rating of "Moderate Buy" and an average target price of $115.35.

Shift4 Payments 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.