5,687 Shares in Corpay, Inc. (NYSE:CPAY) Purchased by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,687 shares of the company's stock, valued at approximately $1,925,000.

Several other institutional investors also recently bought and sold shares of the company. 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 Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 60 shares in the last quarter. Spire Wealth Management bought a new stake in Corpay during the 4th quarter valued at $42,000. Assetmark Inc. boosted its position in Corpay by 93.8% during the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after acquiring an additional 60 shares in the last quarter. Finally, Huntington National Bank boosted its position in Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company's stock valued at $42,000 after acquiring an additional 40 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay Stock Performance

Shares of NYSE CPAY traded down $6.98 during trading on Friday, reaching $335.78. 850,856 shares of the company traded hands, compared to its average volume of 486,560. The firm's fifty day simple moving average is $365.56 and its 200 day simple moving average is $347.77. The stock has a market cap of $23.59 billion, a P/E ratio of 24.02, a PEG ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66.

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Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share 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, research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Corpay

In other Corpay 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 transaction of $910,683.21. Following the completion of the transaction, the director now owns 12,215 shares in the company, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CPAY shares. BMO Capital Markets raised their price objective on Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Keefe, Bruyette & Woods raised their price objective on Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Raymond James lowered their price objective on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Citigroup started coverage on Corpay in a research report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price objective for the company. Finally, Morgan Stanley raised their price objective on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $399.71.

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.