Sei Investments Co. Purchases 3,882 Shares of Corpay, Inc. (NYSE:CPAY)

Sei Investments Co. increased its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 8.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 52,150 shares of the company's stock after purchasing an additional 3,882 shares during the period. Sei Investments Co. owned about 0.07% of Corpay worth $17,649,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPAY. Allspring Global Investments Holdings LLC boosted its position in shares of Corpay by 17.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 23,732 shares of the company's stock worth $8,067,000 after buying an additional 3,504 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Corpay by 70.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,989 shares of the company's stock worth $1,689,000 after acquiring an additional 2,059 shares in the last quarter. Radnor Capital Management LLC acquired a new stake in Corpay during the 4th quarter worth about $3,667,000. Vestcor Inc grew its stake in Corpay by 239.5% during the 3rd quarter. Vestcor Inc now owns 7,088 shares of the company's stock valued at $2,217,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Maven Securities LTD grew its stake in Corpay by 70.0% during the 3rd quarter. Maven Securities LTD now owns 4,250 shares of the company's stock valued at $1,329,000 after acquiring an additional 1,750 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analysts Set New Price Targets

CPAY has been the subject of several research reports. Wells Fargo & Company raised their price target on shares of Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target on the stock in a report on Wednesday, January 8th. Citigroup assumed coverage on Corpay in a report on Tuesday, January 14th. They set a "buy" rating and a $430.00 price objective for the company. Keefe, Bruyette & Woods boosted their target price on Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada upped their target price on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $399.71.

Corpay Stock Performance

NYSE:CPAY traded up $3.15 during midday trading on Tuesday, reaching $351.87. The stock had a trading volume of 498,200 shares, compared to its average volume of 475,310. The stock has a market capitalization of $24.72 billion, a P/E ratio of 25.17, a PEG ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $400.81. 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 firm's fifty day simple moving average is $362.83 and its 200-day simple moving average is $352.79.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. On average, equities research analysts forecast that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other Corpay news, Director Richard Macchia sold 2,427 shares of the 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 sale, the director now directly owns 12,215 shares of the company's stock, valued at $4,583,434.45. This represents a 16.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.10% of the company's stock.

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.