E. Ohman J or Asset Management AB Acquires 1,800 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

E. Ohman J or Asset Management AB increased its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 6.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 29,756 shares of the company’s stock after buying an additional 1,800 shares during the period. E. Ohman J or Asset Management AB’s holdings in Shift4 Payments were worth $2,636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FOUR. Waldron Private Wealth LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter worth about $25,000. Toth Financial Advisory Corp bought a new stake in Shift4 Payments during the 3rd quarter valued at about $32,000. J.Safra Asset Management Corp lifted its stake in shares of Shift4 Payments by 79.0% in the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after buying an additional 347 shares in the last quarter. Quarry LP purchased a new stake in shares of Shift4 Payments during the second quarter valued at approximately $60,000. Finally, CWM LLC increased its position in shares of Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after acquiring an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analyst Ratings Changes

FOUR has been the topic of several recent analyst reports. Barclays began coverage on Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price on the stock. Stephens lifted their price objective on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company upped their target price on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. DA Davidson lifted their price target on shares of Shift4 Payments from $104.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group increased their price objective on shares of Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.11.

Insider Activity

In related news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the transaction, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Up 0.2 %

NYSE FOUR opened at $93.92 on Friday. Shift4 Payments, Inc. has a 52 week low of $42.91 and a 52 week high of $96.96. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $8.22 billion, a P/E ratio of 63.03, a price-to-earnings-growth ratio of 1.01 and a beta of 1.64. The stock’s 50-day moving average price is $86.11 and its 200-day moving average price is $74.19.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The firm’s revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 EPS. On average, equities research analysts predict that Shift4 Payments, Inc. will post 3.11 earnings per share for the current year.

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.