Corpay, Inc. (NYSE:CPAY) Shares Acquired by Sei Investments Co.

Sei Investments Co. grew its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,150 shares of the company's stock after purchasing an additional 3,882 shares during the quarter. Sei Investments Co. owned approximately 0.07% of Corpay worth $17,649,000 as of its most recent filing with the SEC.

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

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Corpay from $340.00 to $375.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Royal Bank of Canada upped their price objective on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Raymond James reduced their target price on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods upped their price target on shares of Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, Citigroup assumed coverage on shares of Corpay in a research note on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price objective for the company. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $399.71.

Corpay Trading Down 0.6 %

NYSE:CPAY traded down $1.93 on Monday, reaching $344.76. The stock had a trading volume of 250,498 shares, compared to its average volume of 472,856. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. The company has a market cap of $24.22 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 1.32 and a beta of 1.25. The firm's fifty day moving average is $363.75 and its two-hundred day moving average is $352.17. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05.

Corpay (NYSE:CPAY - Get Free Report) last posted 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%. Equities analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Insider Transactions at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $375.23, for a total transaction of $910,683.21. Following the transaction, the director now directly owns 12,215 shares in the company, valued at $4,583,434.45. This represents a 16.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.10% of the company's stock.

Corpay 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.