Machina Capital S.A.S. acquired a new position in Corpay, Inc. (NYSE:CPAY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,751 shares of the company's stock, valued at approximately $593,000.
A number of other large investors have also recently made changes to their positions in CPAY. Avion Wealth boosted its position in Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after acquiring an additional 91 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Corpay by 130.4% during the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 60 shares in the last quarter. Huntington National Bank grew its stake in Corpay by 43.0% in the third quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after purchasing an additional 40 shares during the period. Quarry LP bought a new position in Corpay in the third quarter worth $42,000. Finally, Spire Wealth Management bought a new stake in shares of Corpay during the 4th quarter valued at $42,000. 98.84% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on CPAY shares. Keefe, Bruyette & Woods lifted their price target on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. BMO Capital Markets lifted their target price on shares of Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Wolfe Research upgraded Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada lifted their price objective on Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Finally, Morgan Stanley increased 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 analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $399.71.
View Our Latest Stock Analysis on CPAY
Corpay Stock Performance
Shares of CPAY stock traded up $9.74 during mid-day trading on Wednesday, reaching $334.40. 587,408 shares of the company's stock traded hands, compared to its average volume of 495,704. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81. The firm has a 50 day moving average price of $365.02 and a two-hundred day moving average price of $348.52. The firm has a market capitalization of $23.49 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00.
Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. On average, research analysts forecast that Corpay, Inc. will post 19.76 EPS for the current year.
Insiders Place Their Bets
In other news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $375.23, for a total value of $910,683.21. Following the sale, the director now directly owns 12,215 shares of the company's stock, valued at approximately $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is currently owned by corporate insiders.
Corpay Company Profile
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Free Report)
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.
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