Corpay, Inc. (NYSE:CPAY) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,501 shares of the company's stock after selling 10,406 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Corpay worth $28,594,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CPAY. Centiva Capital LP acquired a new position in Corpay during the third quarter worth $334,000. HighTower Advisors LLC raised its position in shares of Corpay by 1.0% during the 3rd quarter. HighTower Advisors LLC now owns 22,983 shares of the company's stock worth $7,179,000 after purchasing an additional 217 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Corpay by 14.8% in the 3rd quarter. Janus Henderson Group PLC now owns 7,861 shares of the company's stock valued at $2,460,000 after buying an additional 1,014 shares in the last quarter. Quarry LP acquired a new stake in Corpay in the 3rd quarter worth about $42,000. Finally, Quantinno Capital Management LP increased its stake in Corpay by 23.8% during the 3rd quarter. Quantinno Capital Management LP now owns 9,250 shares of the company's stock worth $2,893,000 after buying an additional 1,777 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the firm's stock in a transaction on Monday, February 10th. The stock was 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 directly owns 12,215 shares in the company, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.10% of the company's stock.

Corpay Trading Up 2.1 %

NYSE:CPAY traded up $6.41 on Monday, reaching $311.89. The company's stock had a trading volume of 47,616 shares, compared to its average volume of 491,592. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. The stock has a 50 day moving average price of $348.19 and a 200 day moving average price of $352.36. The firm has a market cap of $21.91 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings data 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 analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CPAY. Morgan Stanley lifted their price target on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Citigroup initiated coverage on shares of Corpay in a research note on Tuesday, January 14th. They set a "buy" rating and a $430.00 target price on the stock. Keefe, Bruyette & Woods increased their target price on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Barclays lowered their price target on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Raymond James decreased their target price on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research note 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $400.38.

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.