Shift4 Payments, Inc. $FOUR Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB grew its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 30.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,097 shares of the company’s stock after acquiring an additional 8,189 shares during the period. E. Ohman J or Asset Management AB’s holdings in Shift4 Payments were worth $2,717,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP raised its stake in shares of Shift4 Payments by 410.9% in the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 226 shares in the last quarter. Banque Transatlantique SA bought a new stake in Shift4 Payments in the first quarter valued at about $27,000. Advisors Asset Management Inc. raised its stake in Shift4 Payments by 100.0% during the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after buying an additional 217 shares in the last quarter. Quantbot Technologies LP bought a new position in Shift4 Payments during the 1st quarter worth approximately $37,000. Finally, UMB Bank n.a. lifted its holdings in Shift4 Payments by 33.5% during the 2nd quarter. UMB Bank n.a. now owns 713 shares of the company’s stock worth $71,000 after buying an additional 179 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Insider Activity

In related news, Director Nancy Disman sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $69.50, for a total value of $347,500.00. Following the sale, the director directly owned 130,420 shares in the company, valued at $9,064,190. This trade represents a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James J. Whalen sold 1,438 shares of Shift4 Payments stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.50, for a total value of $102,817.00. Following the sale, the insider directly owned 54,736 shares in the company, valued at $3,913,624. The trade was a 2.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 18,438 shares of company stock valued at $1,278,317. Insiders own 25.15% of the company’s stock.

Shift4 Payments Stock Up 0.3%

Shift4 Payments stock opened at $65.28 on Friday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.38 and a current ratio of 1.38. Shift4 Payments, Inc. has a one year low of $61.23 and a one year high of $127.50. The company has a 50-day simple moving average of $69.22 and a 200-day simple moving average of $83.41. The firm has a market capitalization of $5.79 billion, a P/E ratio of 30.65, a P/E/G ratio of 0.66 and a beta of 1.68.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. The company’s revenue for the quarter was up 61.4% on a year-over-year basis. As a group, equities analysts expect that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Oppenheimer lowered their price target on Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Keefe, Bruyette & Woods lowered their target price on shares of Shift4 Payments from $90.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, November 10th. Benchmark restated a “buy” rating on shares of Shift4 Payments in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shift4 Payments in a research report on Monday, December 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.70.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.