LSV Asset Management Sells 3,850 Shares of Corpay, Inc. (NYSE:CPAY)

LSV Asset Management reduced its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,570 shares of the company's stock after selling 3,850 shares during the period. LSV Asset Management's holdings in Corpay were worth $11,699,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Avion Wealth increased its stake in shares of Corpay by 1,011.1% in the fourth quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after purchasing an additional 91 shares during the period. 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 worth $36,000 after acquiring an additional 60 shares during the period. Spire Wealth Management bought a new position in shares of Corpay in the fourth quarter worth $42,000. Assetmark Inc. raised its stake in shares of Corpay by 93.8% during the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after purchasing an additional 60 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Corpay by 70.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock worth $45,000 after purchasing an additional 55 shares during the period. 98.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. 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 research report on Wednesday, January 8th. Raymond James lowered their price target on Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Morgan Stanley raised their target price on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their price target on shares of Corpay from $340.00 to $375.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $400.38.

Insider Activity at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business's stock in a transaction on Monday, February 10th. The shares were 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 of the company's stock, valued at $4,583,434.45. The trade was a 16.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is owned by company insiders.

Corpay Stock Up 0.5 %

CPAY stock traded up $1.62 during mid-day trading on Friday, hitting $308.39. The stock had a trading volume of 353,820 shares, compared to its average volume of 482,775. The stock has a market capitalization of $21.66 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.32 and a beta of 1.11. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $400.81. The company has a fifty day moving average of $342.35 and a 200 day moving average of $351.72.

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

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.