Chiron Investment Management LLC Takes $463,000 Position in Corpay, Inc. (NYSE:CPAY)

Chiron Investment Management LLC bought a new stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,367 shares of the company's stock, valued at approximately $463,000.

Several other large investors have also modified their holdings of the business. Avion Wealth grew its position in Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company's stock worth $33,000 after purchasing an additional 91 shares during the period. Versant Capital Management Inc raised its position in 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 acquiring an additional 60 shares in the last quarter. Spire Wealth Management acquired a new position in Corpay in the fourth quarter valued at approximately $42,000. Assetmark Inc. grew its stake in shares of Corpay by 93.8% during the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after purchasing an additional 60 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Corpay by 70.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock valued at $45,000 after purchasing an additional 55 shares during the period. Institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CPAY. Morgan Stanley increased their target price on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Citigroup assumed 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. Wolfe Research raised shares of 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. Raymond James reduced their price objective on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Finally, Wells Fargo & Company lifted their target price on shares of Corpay from $340.00 to $375.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $400.38.

Insider Buying and Selling at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction on 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 owns 12,215 shares in the company, valued at $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is currently owned by company insiders.

Corpay Price Performance

Shares of NYSE:CPAY traded up $1.62 during midday trading on Friday, hitting $308.39. The company had a trading volume of 353,820 shares, compared to its average volume of 483,383. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The stock has a market cap of $21.66 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. 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 business's 50-day simple moving average is $341.13 and its 200-day simple moving average is $351.68.

Corpay (NYSE:CPAY - Get Free Report) last issued 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 return on equity of 41.46% and a net margin of 25.25%. On average, research analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current year.

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.