E. Ohman J or Asset Management AB Increases Stock Holdings in Shift4 Payments, Inc. $FOUR

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FOUR. Durable Capital Partners LP increased its stake in shares of Shift4 Payments by 12.6% during the 2nd quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company’s stock valued at $660,612,000 after acquiring an additional 745,650 shares during the last quarter. Wasatch Advisors LP increased its position in Shift4 Payments by 16.4% during the second quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock worth $628,215,000 after purchasing an additional 890,990 shares during the last quarter. Darlington Partners Capital Management LP raised its stake in Shift4 Payments by 4.2% during the second quarter. Darlington Partners Capital Management LP now owns 4,966,405 shares of the company’s stock worth $492,220,000 after purchasing an additional 200,000 shares during the period. Jennison Associates LLC boosted its holdings in shares of Shift4 Payments by 2.6% in the 2nd quarter. Jennison Associates LLC now owns 1,636,924 shares of the company’s stock valued at $162,236,000 after purchasing an additional 41,548 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Shift4 Payments by 16.6% during the 2nd quarter. Alliancebernstein L.P. now owns 1,505,933 shares of the company’s stock valued at $149,253,000 after buying an additional 214,627 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $65.28 on Friday. The firm has a market capitalization of $5.79 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 0.66 and a beta of 1.68. Shift4 Payments, Inc. has a one year low of $61.23 and a one year high of $127.50. The stock’s 50 day moving average price is $69.22 and its 200 day moving average price is $83.41. 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 (NYSE:FOUR) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.47 earnings per share 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 business posted $1.04 earnings per share. Shift4 Payments’s revenue for the quarter was up 61.4% on a year-over-year basis. As a group, sell-side analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FOUR shares. Mizuho cut their target price on Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $90.00 price objective on shares of Shift4 Payments in a research note on Thursday, November 6th. Benchmark reiterated a “buy” rating on shares of Shift4 Payments in a report on Thursday, December 11th. Weiss Ratings restated a “hold (c)” rating on shares of Shift4 Payments in a report on Monday, December 22nd. Finally, The Goldman Sachs Group reduced their price target on shares of Shift4 Payments from $95.00 to $83.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.70.

Insider Transactions at Shift4 Payments

In other Shift4 Payments 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 transaction of $347,500.00. Following the completion of the sale, the director owned 130,420 shares in the company, valued at $9,064,190. This trade represents a 3.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Taylor Lauber sold 12,000 shares of Shift4 Payments stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $69.00, for a total value of $828,000.00. Following the sale, the chief executive officer owned 273,588 shares in the company, valued at $18,877,572. This represents a 4.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 18,438 shares of company stock valued at $1,278,317. 25.15% of the stock is currently owned by insiders.

Shift4 Payments Company Profile

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.