E. Ohman J or Asset Management AB Has $2.28 Million Stake in Shift4 Payments, Inc. (NYSE:FOUR)

E. Ohman J or Asset Management AB grew its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 17.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,956 shares of the company's stock after purchasing an additional 4,180 shares during the period. E. Ohman J or Asset Management AB's holdings in Shift4 Payments were worth $2,284,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock worth $678,668,000 after buying an additional 562,774 shares during the last quarter. Cat Rock Capital Management LP acquired a new position in Shift4 Payments in the fourth quarter worth approximately $39,222,000. Darlington Partners Capital Management LP increased its holdings in Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock worth $260,489,000 after buying an additional 367,500 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in Shift4 Payments by 41.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock worth $127,689,000 after buying an additional 350,703 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Shift4 Payments by 84.4% in the fourth quarter. Northern Trust Corp now owns 520,990 shares of the company's stock worth $54,068,000 after buying an additional 238,478 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Insiders Place Their Bets

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 25.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group dropped their price objective on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Oppenheimer dropped their price objective on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Wall Street Zen downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods lowered their price target on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Finally, Stephens reiterated an "overweight" rating and set a $125.00 price target on shares of Shift4 Payments in a report on Wednesday, February 19th. Seven 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's stock. According to MarketBeat, Shift4 Payments has a consensus rating of "Moderate Buy" and a consensus price target of $115.35.

Shift4 Payments Stock Up 0.2%

Shares of FOUR stock opened at $94.41 on Friday. The stock has a market cap of $8.37 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a one year low of $57.45 and a one year high of $127.50. The stock has a fifty day moving average price of $84.51 and a 200 day moving average price of $97.30. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. During the same period in the prior year, the company posted $0.54 earnings per share. The business's revenue for the quarter was up 39.7% compared to the same quarter last year. Analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Shift4 Payments Company 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.

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