1,086 Shares in Corpay, Inc. (NYSE:CPAY) Acquired by DRW Securities LLC

DRW Securities LLC acquired a new position in Corpay, Inc. (NYSE:CPAY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,086 shares of the company's stock, valued at approximately $368,000.

Several other large investors also recently bought and sold shares of CPAY. Azimuth Capital Investment Management LLC raised its holdings in Corpay by 51.5% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 56,701 shares of the company's stock worth $19,189,000 after purchasing an additional 19,285 shares in the last quarter. APG Asset Management N.V. acquired a new stake in shares of Corpay in the fourth quarter worth approximately $12,158,000. Renaissance Group LLC acquired a new stake in Corpay in the 4th quarter valued at about $602,000. FIL Ltd acquired a new stake in shares of Corpay during the 4th quarter worth approximately $25,905,000. Finally, Invesco Ltd. boosted its position in shares of Corpay by 163.7% during the 4th quarter. Invesco Ltd. now owns 1,686,665 shares of the company's stock worth $570,801,000 after purchasing an additional 1,047,080 shares during the period. Institutional investors own 98.84% of the company's stock.

Corpay Stock Down 0.5 %

Shares of NYSE CPAY traded down $1.66 during mid-day trading on Wednesday, reaching $311.18. 59,337 shares of the company traded hands, compared to its average volume of 486,721. The company's fifty day moving average is $345.06 and its two-hundred day moving average is $352.07. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The stock has a market cap of $21.86 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11.

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

Insider Transactions at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $375.23, for a total value 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. This represents a 16.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.10% of the company's stock.

Wall Street Analysts Forecast Growth

CPAY has been the subject of several research analyst reports. Barclays lowered their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday. Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 target price on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company raised their target price on shares of Corpay from $340.00 to $375.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Citigroup began coverage on Corpay in a report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised their price target 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. Three 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $400.38.

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.