Aurora Investment Counsel Sells 1,294 Shares of Corpay, Inc. (NYSE:CPAY)

Aurora Investment Counsel reduced its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,644 shares of the company's stock after selling 1,294 shares during the quarter. Corpay comprises approximately 1.4% of Aurora Investment Counsel's holdings, making the stock its 15th largest position. Aurora Investment Counsel's holdings in Corpay were worth $2,587,000 as of its most recent SEC filing.

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

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Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the completion of the transaction, the director now owns 12,215 shares of the company's stock, valued at approximately $4,583,434.45. This represents a 16.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 6.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CPAY shares. Citigroup started coverage on shares of Corpay in a research note on Tuesday, January 14th. They set a "buy" rating and a $430.00 target price for the company. Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 target price for the company in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their target price on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their target price on shares of Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Royal Bank of Canada boosted their target price on shares of Corpay from $354.00 to $400.00 and gave the company a "sector perform" 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 given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $399.71.

Corpay Stock Performance

Shares of NYSE:CPAY traded up $0.26 during midday trading on Tuesday, hitting $347.57. The company had a trading volume of 408,522 shares, compared to its average volume of 461,108. The company has a market cap of $24.42 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.32 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The company has a fifty day moving average of $364.75 and a two-hundred day moving average of $349.44. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share 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, equities research analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal 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.