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

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

Other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments in the fourth quarter worth about $26,000. Elequin Capital LP grew its stake in shares of Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after acquiring an additional 114 shares during the period. Valley National Advisers Inc. increased its holdings in Shift4 Payments by 41.7% in the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after acquiring an additional 125 shares in the last quarter. Morse Asset Management Inc bought a new stake in Shift4 Payments during the 4th quarter worth approximately $36,000. Finally, Proficio Capital Partners LLC bought a new stake in Shift4 Payments during the 4th quarter worth approximately $37,000. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Price Performance

Shift4 Payments stock traded up $2.84 during mid-day trading on Thursday, reaching $106.16. 1,451,638 shares of the company's stock traded hands, compared to its average volume of 1,692,933. Shift4 Payments, Inc. has a 12-month low of $57.45 and a 12-month high of $127.50. 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 stock has a 50 day moving average of $94.71 and a two-hundred day moving average of $95.73. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 35.86 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The firm had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. During the same period in the previous year, the firm posted $0.54 EPS. The business's quarterly revenue was up 39.7% on a year-over-year basis. Equities analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group dropped their price target on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Benchmark upgraded Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. Raymond James Financial decreased their price target on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Friday, April 4th. B. Riley reaffirmed a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Finally, Piper Sandler cut their target price on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $116.70.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $90.33, for a total transaction of $903,300.00. Following the completion of the transaction, the chief financial officer owned 167,622 shares in the company, valued at $15,141,295.26. The trade was a 5.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Karen Roter Davis sold 2,757 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $260,619.21. Following the sale, the director directly owned 6,592 shares of the company's stock, valued at $623,141.76. This represents a 29.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,757 shares of company stock worth $1,258,449. Company insiders own 25.15% of the company's stock.

Shift4 Payments 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.