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

GAMMA Investing LLC grew its position in Shift4 Payments, Inc. (NYSE:FOUR) by 548.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 551 shares of the company’s stock after purchasing an additional 466 shares during the quarter. GAMMA Investing LLC’s holdings in Shift4 Payments were worth $57,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FOUR. Tidal Investments LLC grew its holdings in shares of Shift4 Payments by 66.1% in the third quarter. Tidal Investments LLC now owns 8,057 shares of the company’s stock worth $714,000 after acquiring an additional 3,206 shares during the period. Sanctuary Advisors LLC bought a new stake in Shift4 Payments during the third quarter valued at approximately $169,000. Orion Capital Management LLC increased its holdings in Shift4 Payments by 10.5% during the third quarter. Orion Capital Management LLC now owns 8,445 shares of the company’s stock valued at $748,000 after buying an additional 800 shares during the last quarter. Geode Capital Management LLC increased its position in Shift4 Payments by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock worth $93,797,000 after buying an additional 53,610 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in Shift4 Payments by 15.5% in the 3rd quarter. M&T Bank Corp now owns 3,944 shares of the company’s stock worth $349,000 after acquiring an additional 530 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. BTIG Research lifted their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barclays assumed coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target for the company. Morgan Stanley upped their price target on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods cut shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a research note on Monday, December 9th. Finally, B. Riley raised their price target on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average price target of $106.40.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $104.73 on Monday. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $116.84. The company has a market capitalization of $9.44 billion, a PE ratio of 56.92, a P/E/G ratio of 1.31 and a beta of 1.71. The company has a 50 day moving average price of $104.09 and a 200-day moving average price 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

In related news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the sale, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,462 shares of company stock worth $1,211,364. Company insiders own 30.57% of the company’s stock.

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.