Dimensional Fund Advisors LP Purchases 42,945 Shares of Corpay, Inc. (NYSE:CPAY)

Dimensional Fund Advisors LP grew its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 779,288 shares of the company's stock after buying an additional 42,945 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.12% of Corpay worth $263,722,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CPAY. Invesco Ltd. increased its holdings in Corpay by 163.7% in the 4th quarter. Invesco Ltd. now owns 1,686,665 shares of the company's stock worth $570,801,000 after acquiring an additional 1,047,080 shares in the last quarter. Norges Bank purchased a new stake in shares of Corpay in the fourth quarter worth $241,739,000. Raymond James Financial Inc. bought a new stake in shares of Corpay during the 4th quarter valued at $134,950,000. Neuberger Berman Group LLC lifted its stake in shares of Corpay by 8,620.5% during the 4th quarter. Neuberger Berman Group LLC now owns 140,400 shares of the company's stock valued at $47,514,000 after buying an additional 138,790 shares in the last quarter. Finally, Boston Partners increased its stake in Corpay by 6.4% in the 4th quarter. Boston Partners now owns 2,045,398 shares of the company's stock worth $694,847,000 after buying an additional 122,380 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Insider Buying and Selling

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business's stock in a transaction dated 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. The trade was a 16.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods upped their target price on shares of Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Citigroup began coverage on shares of Corpay in a research note on Tuesday, January 14th. They set a "buy" rating and a $430.00 target price for the company. Wells Fargo & Company decreased their price target on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Thursday. Finally, Wolfe Research upgraded Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective for the company in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Corpay presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.62.

Corpay Trading Up 0.2 %

Shares of Corpay stock traded up $0.50 on Friday, reaching $322.39. The company had a trading volume of 207,676 shares, compared to its average volume of 482,406. The firm's 50-day moving average price is $336.22 and its two-hundred day moving average price is $351.30. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81. The firm has a market cap of $22.65 billion, a price-to-earnings ratio of 23.06, a P/E/G 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 (NYSE:CPAY - Get Free Report) last released its 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 return on equity of 41.46% and a net margin of 25.25%. As a group, research analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

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.