Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 363,376 shares of the company's stock after selling 32,175 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.41% of Shift4 Payments worth $32,195,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Senator Investment Group LP raised its stake in Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company's stock valued at $41,240,000 after buying an additional 555,737 shares during the last quarter. Forge First Asset Management Inc. purchased a new position in shares of Shift4 Payments in the 1st quarter valued at approximately $1,242,000. Artemis Investment Management LLP boosted its stake in Shift4 Payments by 113.0% in the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company's stock worth $40,532,000 after purchasing an additional 242,684 shares in the last quarter. Bessemer Group Inc. grew its position in Shift4 Payments by 7.1% during the 1st quarter. Bessemer Group Inc. now owns 218,921 shares of the company's stock worth $14,465,000 after purchasing an additional 14,438 shares during the last quarter. Finally, Coronation Fund Managers Ltd. purchased a new stake in Shift4 Payments during the 2nd quarter worth approximately $1,378,000. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Price Performance

Shares of NYSE:FOUR traded down $0.37 during trading on Thursday, reaching $97.63. 1,087,555 shares of the company's stock traded hands, compared to its average volume of 1,340,141. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. Shift4 Payments, Inc. has a fifty-two week low of $47.54 and a fifty-two week high of $99.00. The company has a 50-day simple moving average of $87.92 and a 200-day simple moving average of $75.80. The firm has a market cap of $8.65 billion, a PE ratio of 59.09, a P/E/G ratio of 1.03 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (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 the consensus estimate of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. Shift4 Payments's revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 earnings per share. As a group, analysts predict that Shift4 Payments, Inc. will post 3.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on FOUR shares. Susquehanna lifted their price objective on shares of Shift4 Payments from $97.00 to $105.00 and gave the stock a "positive" rating in a research note on Monday. DA Davidson lifted their price target on Shift4 Payments from $104.00 to $118.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Stephens boosted their price target on Shift4 Payments from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Wells Fargo & Company raised their price objective on Shift4 Payments from $75.00 to $95.00 and gave the stock an "overweight" rating in a research note on Friday, September 20th. Finally, The Goldman Sachs Group upped their target price on Shift4 Payments from $96.00 to $106.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of "Moderate Buy" and an average target price of $95.53.

Insider Activity

In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the sale, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of Shift4 Payments 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 completion of the sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This represents 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.

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.