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

Kornitzer Capital Management Inc. KS lessened its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 358,876 shares of the company’s stock after selling 4,500 shares during the quarter. 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FOUR. Asset Management One Co. Ltd. increased its holdings in Shift4 Payments by 14.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company’s stock worth $81,000 after acquiring an additional 99 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of Shift4 Payments by 3.5% in the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock valued at $419,000 after purchasing an additional 133 shares during the period. Blue Trust Inc. increased its stake in shares of Shift4 Payments by 67.3% during the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $44,000 after purchasing an additional 171 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Shift4 Payments by 7.7% during 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 last quarter. Finally, Heck Capital Advisors LLC purchased a new position in Shift4 Payments in the 4th quarter valued at about $26,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Trading Up 1.4 %

Shares of FOUR opened at $121.06 on Tuesday. The firm’s 50-day moving average is $110.32 and its two-hundred day moving average is $96.93. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $123.25. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $10.91 billion, a P/E ratio of 65.79, a PEG ratio of 1.26 and a beta of 1.72.

Insider Activity

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the transaction, the insider now owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock worth $1,211,364 over the last ninety days. 30.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on FOUR shares. Keefe, Bruyette & Woods downgraded Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a research note on Monday, December 9th. Morgan Stanley boosted their price objective on Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. DA Davidson upped their target price on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, B. Riley upped their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $108.24.

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.