Kornitzer Capital Management Inc. KS Reduces Holdings in Shift4 Payments, Inc. $FOUR

Kornitzer Capital Management Inc. KS lowered its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 22.4% during the first quarter, Holdings Channel reports. The firm owned 177,504 shares of the company’s stock after selling 51,182 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Shift4 Payments were worth $7,762,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in Shift4 Payments by 25.9% during the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after buying an additional 177 shares during the last quarter. Marex Group plc increased its position in Shift4 Payments by 6.0% during the fourth quarter. Marex Group plc now owns 3,487 shares of the company’s stock worth $220,000 after buying an additional 196 shares during the period. Parallel Advisors LLC lifted its stake in Shift4 Payments by 5.6% in the third quarter. Parallel Advisors LLC now owns 4,049 shares of the company’s stock valued at $313,000 after buying an additional 214 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after buying an additional 217 shares during the last quarter. Finally, Glenmede Investment Management LP boosted its holdings in shares of Shift4 Payments by 5.1% in the third quarter. Glenmede Investment Management LP now owns 4,565 shares of the company’s stock valued at $353,000 after acquiring an additional 222 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FOUR shares. Seaport Research Partners lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating in a research report on Thursday, April 16th. Truist Financial decreased their price target on shares of Shift4 Payments from $50.00 to $46.00 and set a “hold” rating for the company in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods raised their price objective on shares of Shift4 Payments from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th. Evercore set a $45.00 price objective on shares of Shift4 Payments in a research note on Monday, May 18th. Finally, Zacks Research raised shares of Shift4 Payments from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $68.24.

Insider Buying and Selling

In other news, major shareholder Jared Isaacman acquired 195,500 shares of the business’s stock in a transaction on Monday, May 11th. The stock was bought at an average price of $41.41 per share, for a total transaction of $8,095,655.00. Following the transaction, the insider owned 1,594,455 shares in the company, valued at $66,026,381.55. This represents a 13.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.54% of the company’s stock.

Shift4 Payments Stock Performance

Shares of FOUR stock traded up $1.57 during midday trading on Friday, hitting $50.86. The company had a trading volume of 799,271 shares, compared to its average volume of 1,623,281. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 60.54, a PEG ratio of 0.53 and a beta of 1.41. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.22 and a quick ratio of 1.22. The company’s 50 day simple moving average is $43.28 and its 200 day simple moving average is $50.25. Shift4 Payments, Inc. has a 52-week low of $34.56 and a 52-week high of $108.50.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.02). Shift4 Payments had a return on equity of 33.55% and a net margin of 2.63%.The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company earned $1.07 EPS. Shift4 Payments’s revenue for the quarter was up 49.0% compared to the same quarter last year. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. Research analysts anticipate that Shift4 Payments, Inc. will post 4.77 earnings per share for the current fiscal year.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.