Shift4 Payments, Inc. (NYSE:FOUR) Stock Holdings Trimmed by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 324,371 shares of the company's stock after selling 34,505 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.36% of Shift4 Payments worth $26,504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FOUR. Proficio Capital Partners LLC acquired a new position in Shift4 Payments during the 4th quarter worth approximately $37,000. HighTower Advisors LLC increased its holdings in shares of Shift4 Payments by 25.9% in the 4th quarter. HighTower Advisors LLC now owns 6,303 shares of the company's stock valued at $654,000 after acquiring an additional 1,295 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Shift4 Payments in the 4th quarter valued at $255,000. EverSource Wealth Advisors LLC increased its holdings in shares of Shift4 Payments by 45.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,272 shares of the company's stock valued at $236,000 after acquiring an additional 714 shares during the period. Finally, Securian Asset Management Inc. acquired a new position in shares of Shift4 Payments in the 4th quarter valued at $539,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Stock Up 0.4%

Shares of NYSE FOUR traded up $0.47 on Friday, hitting $106.58. The company had a trading volume of 782,571 shares, compared to its average volume of 1,691,394. Shift4 Payments, Inc. has a 12-month low of $57.45 and a 12-month high of $127.50. The business has a 50 day moving average of $95.13 and a two-hundred day moving average of $95.74. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $9.45 billion, a P/E ratio of 36.01 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. The company had revenue of $368.50 million during the quarter, compared to the consensus estimate of $886.09 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company's revenue was up 39.7% compared to the same quarter last year. As a group, equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FOUR shares. Piper Sandler cut their target price on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Barclays lowered their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Susquehanna lifted their price objective on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research report on Wednesday, April 30th. Evercore ISI initiated coverage on shares of Shift4 Payments in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.70.

Insider Transactions at Shift4 Payments

In related news, Director Karen Roter Davis sold 2,757 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $260,619.21. Following the transaction, the director owned 6,592 shares in the company, valued at approximately $623,141.76. The trade was a 29.49% 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. Also, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $90.33, for a total value of $903,300.00. Following the completion of the transaction, the chief financial officer owned 167,622 shares in the company, valued at approximately $15,141,295.26. This trade represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,757 shares of company stock valued at $1,258,449 over the last quarter. Company insiders own 25.15% of the company's stock.

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.