Virtu Financial LLC Takes $625,000 Position in Corpay, Inc. (NYSE:CPAY)

Virtu Financial LLC purchased a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,848 shares of the company's stock, valued at approximately $625,000.

Several other institutional investors have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC boosted its stake in shares of Corpay by 16.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock worth $69,000 after acquiring an additional 29 shares during the period. Tealwood Asset Management Inc. lifted its holdings in Corpay by 0.7% during the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company's stock valued at $1,420,000 after purchasing an additional 30 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Corpay by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock worth $2,018,000 after purchasing an additional 30 shares during the period. IFP Advisors Inc increased its holdings in shares of Corpay by 2.7% in the fourth quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock valued at $390,000 after purchasing an additional 30 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its position in shares of Corpay by 3.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock valued at $318,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts recently commented on CPAY shares. Royal Bank of Canada lifted their target price on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Wolfe Research raised Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 target price on the stock in a research report on Wednesday, January 8th. Citigroup began coverage on Corpay in a report on Tuesday, January 14th. They set a "buy" rating and a $430.00 price target for the company. Raymond James decreased their price objective on Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price objective on Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Three 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $399.71.

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 directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.10% of the company's stock.

Corpay Price Performance

Shares of CPAY stock traded down $9.58 during trading hours on Friday, reaching $345.66. The company's stock had a trading volume of 83,859 shares, compared to its average volume of 472,305. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The company has a market capitalization of $24.28 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.32 and a beta of 1.25. The firm's 50 day simple moving average is $364.23 and its 200-day simple moving average is $351.29.

Corpay (NYSE:CPAY - Get Free Report) last released 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%. Sell-side analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current year.

About Corpay

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.