Kornitzer Capital Management Inc. KS Sells 32,175 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Kornitzer Capital Management Inc. KS trimmed its position in Shift4 Payments, Inc. (NYSE:FOUR) by 8.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 363,376 shares of the company’s stock after selling 32,175 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.41% of Shift4 Payments worth $32,195,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Shift4 Payments by 15.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,739 shares of the company’s stock valued at $4,950,000 after buying an additional 9,646 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Shift4 Payments in the first quarter valued at approximately $205,000. Swiss National Bank grew its holdings in Shift4 Payments by 0.9% during the first quarter. Swiss National Bank now owns 101,000 shares of the company’s stock valued at $6,673,000 after purchasing an additional 900 shares during the period. Horizon Investment Services LLC purchased a new stake in Shift4 Payments in the first quarter worth $548,000. Finally, Qsemble Capital Management LP raised its stake in shares of Shift4 Payments by 46.9% in the first quarter. Qsemble Capital Management LP now owns 4,478 shares of the company’s stock valued at $296,000 after buying an additional 1,429 shares during the period. Institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on FOUR shares. BTIG Research boosted their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. The Goldman Sachs Group boosted their price target on Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a report on Monday, October 14th. Barclays began coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price on the stock. Benchmark restated a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a research report on Thursday, September 5th. Finally, Stephens lifted their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.53.

Insider Activity

In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction 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 sale, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $18,827,693.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

Shares of NYSE FOUR traded down $0.26 during midday trading on Thursday, hitting $97.74. 150,064 shares of the stock traded hands, compared to its average volume of 1,335,805. The firm has a 50-day moving average of $87.56 and a two-hundred day moving average of $75.64. The firm has a market capitalization of $8.66 billion, a P/E ratio of 59.41, a PEG ratio of 1.03 and a beta of 1.64. Shift4 Payments, Inc. has a one year low of $47.54 and a one year high of $99.00. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $320.60 million during 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%. The firm’s revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS. On average, equities analysts forecast that Shift4 Payments, Inc. will post 3.11 EPS for the current fiscal year.

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.