Kornitzer Capital Management Inc. KS Sells 4,500 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Kornitzer Capital Management Inc. KS lessened its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 358,876 shares of the company's stock after selling 4,500 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.40% of Shift4 Payments worth $37,244,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its holdings in Shift4 Payments by 14.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after buying an additional 99 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of Shift4 Payments by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock valued at $419,000 after acquiring an additional 133 shares during the period. Blue Trust Inc. increased its stake in shares of Shift4 Payments by 67.3% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company's stock worth $44,000 after purchasing an additional 171 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Shift4 Payments by 7.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company's stock worth $303,000 after purchasing an additional 243 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in Shift4 Payments in the fourth quarter valued at approximately $26,000. 98.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FOUR. Royal Bank of Canada raised their target price on Shift4 Payments from $116.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a report on Monday, February 3rd. They issued a "hold" rating and a $120.00 price objective for the company. Piper Sandler reaffirmed an "overweight" rating and set a $143.00 price objective (up from $120.00) on shares of Shift4 Payments in a report on Wednesday. Benchmark downgraded shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. Finally, Morgan Stanley upped their price target on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.19.

Shift4 Payments Price Performance

Shares of NYSE:FOUR traded down $3.94 on Friday, hitting $94.95. The company's stock had a trading volume of 3,891,714 shares, compared to its average volume of 1,733,772. The company has a market capitalization of $8.55 billion, a PE ratio of 30.93, a PEG ratio of 1.09 and a beta of 1.72. 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 has a 50-day simple moving average of $110.73 and a 200 day simple moving average of $97.66. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. The business had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity

In other news, insider David Taylor Lauber sold 5,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the transaction, the insider now directly owns 210,045 shares in the company, valued at approximately $23,884,216.95. This represents a 2.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is currently owned by corporate insiders.

About Shift4 Payments

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.