1,187 Shares in Corpay, Inc. (NYSE:CPAY) Acquired by William Allan Corp

William Allan Corp purchased a new stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,187 shares of the company's stock, valued at approximately $402,000.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC bought a new position in Corpay in the third quarter valued at approximately $40,497,000. JPMorgan Chase & Co. boosted its position in shares of Corpay by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock worth $1,653,659,000 after purchasing an additional 120,578 shares in the last quarter. Prana Capital Management LP bought a new position in shares of Corpay during the third quarter worth $31,541,000. Swedbank AB boosted its position in shares of Corpay by 44.9% during the fourth quarter. Swedbank AB now owns 269,717 shares of the company's stock worth $91,278,000 after purchasing an additional 83,600 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Corpay by 3.0% during the third quarter. FMR LLC now owns 2,692,847 shares of the company's stock worth $842,215,000 after purchasing an additional 78,880 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Insider Activity at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $375.23, for a total transaction of $910,683.21. Following the transaction, the director now owns 12,215 shares in the company, valued at $4,583,434.45. This represents a 16.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the transaction, the director now owns 10,530 shares in the company, valued at approximately $3,950,645.40. The trade was a 22.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,402 shares of company stock worth $4,987,164. Insiders own 6.10% of the company's stock.

Analyst Ratings Changes

CPAY has been the topic of a number of recent analyst reports. Citigroup initiated coverage on shares of Corpay in a research report on Tuesday, January 14th. They set a "buy" rating and a $430.00 price target on the stock. BMO Capital Markets lifted their price target on shares of Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Wells Fargo & Company lifted their price target on shares of Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Bank of America raised their price objective on shares of Corpay from $344.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Finally, Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective on the stock in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Corpay currently has a consensus rating of "Moderate Buy" and an average price target of $399.71.

Corpay Stock Down 1.6 %

CPAY stock traded down $6.04 during midday trading on Tuesday, hitting $369.11. The company's stock had a trading volume of 210,333 shares, compared to its average volume of 453,797. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The company's fifty day moving average price is $361.45 and its 200 day moving average price is $337.49. The stock has a market capitalization of $25.73 billion, a P/E ratio of 26.37, a PEG ratio of 1.33 and a beta of 1.28.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. As a group, equities research analysts predict that Corpay, Inc. will post 20.62 EPS for the current year.

Corpay Profile

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.