Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,776 shares of the company’s stock after selling 5,980 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Shift4 Payments were worth $2,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Wasatch Advisors LP lifted its stake in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after buying an additional 1,980,940 shares during the last quarter. Jennison Associates LLC raised its position in Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after purchasing an additional 12,804 shares during the last quarter. Geode Capital Management LLC increased its stake 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 valued at $93,797,000 after purchasing an additional 53,610 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after purchasing an additional 145,444 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the sale, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is owned by corporate insiders.

Shift4 Payments Stock Down 0.8 %

FOUR stock opened at $118.31 on Wednesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The company’s 50 day simple moving average is $108.19 and its 200-day simple moving average is $93.29. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $123.25. The firm has a market capitalization of $10.66 billion, a PE ratio of 64.30, a P/E/G ratio of 1.22 and a beta of 1.72.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FOUR. Wells Fargo & Company raised their price target on Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday. Oppenheimer boosted their target price on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Morgan Stanley boosted their target price on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Benchmark downgraded Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Piper Sandler upped their price objective on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $108.24.

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.