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

Kornitzer Capital Management Inc. KS raised its stake in shares of Shift4 Payments, Inc. (NYSE:FOURFree Report) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 368,006 shares of the company’s stock after acquiring an additional 18,500 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Shift4 Payments were worth $27,358,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Durable Capital Partners LP increased its position in shares of Shift4 Payments by 7.1% during the fourth quarter. Durable Capital Partners LP now owns 4,576,010 shares of the company’s stock valued at $255,936,000 after acquiring an additional 301,452 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Shift4 Payments by 6.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,171,922 shares of the company’s stock valued at $177,406,000 after acquiring an additional 179,965 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Shift4 Payments by 8.0% during the third quarter. Clearbridge Investments LLC now owns 2,025,558 shares of the company’s stock valued at $112,155,000 after acquiring an additional 149,783 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Shift4 Payments by 3.3% during the first quarter. Geode Capital Management LLC now owns 722,623 shares of the company’s stock valued at $54,781,000 after acquiring an additional 22,867 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of Shift4 Payments by 2.8% during the third quarter. Westfield Capital Management Co. LP now owns 693,578 shares of the company’s stock valued at $38,403,000 after acquiring an additional 18,803 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Mizuho reaffirmed a “buy” rating and set a $85.00 target price on shares of Shift4 Payments in a research note on Wednesday, March 27th. DA Davidson reaffirmed a “buy” rating and set a $96.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $94.00 target price on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $93.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 28th. Finally, Morgan Stanley upped their target price on shares of Shift4 Payments from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $84.95.

View Our Latest Analysis on FOUR

Shift4 Payments Trading Down 1.6 %

Shares of NYSE:FOUR opened at $60.93 on Friday. Shift4 Payments, Inc. has a 52 week low of $42.91 and a 52 week high of $92.30. The company’s 50 day moving average is $72.82 and its two-hundred day moving average is $67.48. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The company has a market cap of $5.25 billion, a PE ratio of 42.91, a P/E/G ratio of 0.96 and a beta of 1.57.

Shift4 Payments (NYSE:FOURGet Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. The company had revenue of $269.30 million during the quarter, compared to analyst estimates of $278.85 million. Equities analysts predict that Shift4 Payments, Inc. will post 2.84 earnings per share for the current fiscal year.

Insider Activity

In other news, insider David Taylor Lauber sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the transaction, the insider now owns 243,880 shares in the company, valued at approximately $19,546,982. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 32.14% of the company’s stock.

Shift4 Payments Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Shift4 Payments (NYSE:FOUR)

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