First Trust Advisors LP Has $26.91 Million Stock Position in Corpay, Inc. (NYSE:CPAY)

First Trust Advisors LP increased its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 36.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,514 shares of the company's stock after purchasing an additional 21,244 shares during the period. First Trust Advisors LP owned approximately 0.11% of Corpay worth $26,909,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avion Wealth boosted its stake in Corpay by 1,011.1% in 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 boosted its stake in shares of 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 buying an additional 60 shares during the last quarter. Spire Wealth Management acquired a new position in shares of Corpay during the 4th quarter worth about $42,000. Assetmark Inc. boosted 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 buying an additional 60 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Corpay during the 4th quarter worth about $43,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business's stock in a transaction that occurred 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 6.10% of the company's stock.

Corpay Stock Performance

Corpay stock traded up $7.06 during trading hours on Tuesday, hitting $323.92. The company had a trading volume of 571,384 shares, compared to its average volume of 483,873. The firm has a market cap of $22.76 billion, a PE ratio of 23.17, a PEG 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. Corpay, Inc. has a one year low of $247.10 and a one year high of $400.81. The firm has a 50-day moving average of $333.71 and a 200 day moving average of $351.26.

Corpay (NYSE:CPAY - Get Free Report) last announced 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, sell-side analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current year.

Analysts Set New Price Targets

CPAY has been the subject of a number of recent research reports. Barclays reduced their price objective on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Oppenheimer initiated coverage on shares of Corpay in a research note on Monday. They set a "market perform" rating for the company. Keefe, Bruyette & Woods raised their target price on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" 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 issued a "buy" rating and a $430.00 target price for the company. Finally, Raymond James cut their target price on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $397.62.

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.