AssuredPartners Investment Advisors LLC Takes $424,000 Position in Corpay, Inc. (NYSE:CPAY)

AssuredPartners Investment Advisors LLC bought a new stake in Corpay, Inc. (NYSE:CPAY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,254 shares of the company's stock, valued at approximately $424,000.

A number of other large investors also recently made changes to their positions in CPAY. Pathstone Holdings LLC raised its stake in shares of Corpay by 3.9% during the 3rd quarter. Pathstone Holdings LLC now owns 5,487 shares of the company's stock worth $1,716,000 after purchasing an additional 206 shares during the period. Daiwa Securities Group Inc. boosted its stake in Corpay by 8.8% in the third quarter. Daiwa Securities Group Inc. now owns 8,343 shares of the company's stock valued at $2,609,000 after acquiring an additional 678 shares during the last quarter. FMR LLC grew its position in shares of Corpay by 3.0% during the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company's stock valued at $842,215,000 after acquiring an additional 78,880 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Corpay during the 3rd quarter worth approximately $1,309,000. Finally, Brooklyn Investment Group bought a new stake in shares of Corpay in the 3rd quarter worth approximately $48,000. 98.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Richard Macchia sold 2,427 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the completion of the transaction, the director now owns 12,215 shares in the company, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.10% of the stock is currently owned by corporate insiders.

Corpay Stock Performance

CPAY stock traded up $2.56 during midday trading on Tuesday, reaching $351.28. 139,518 shares of the company's stock traded hands, compared to its average volume of 473,678. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81. The stock has a market cap of $24.68 billion, a P/E ratio of 25.11, a PEG ratio of 1.32 and a beta of 1.25. The stock's 50-day moving average is $363.31 and its 200 day moving average is $352.48.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data 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, analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on CPAY shares. Wells Fargo & Company raised their target price on Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. BMO Capital Markets boosted their price target on shares of Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Raymond James cut their price objective on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Citigroup assumed coverage on Corpay in a research note on Tuesday, January 14th. They set a "buy" rating and a $430.00 price objective on the stock. Finally, Morgan Stanley raised their target price on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Three equities research 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 stock. According to data from MarketBeat, Corpay currently has a consensus rating of "Moderate Buy" and a consensus target price of $399.71.

Corpay Company 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.