Fox Run Management L.L.C. Takes $933,000 Position in Corpay, Inc. (NYSE:CPAY)

Fox Run Management L.L.C. purchased a new position in Corpay, Inc. (NYSE:CPAY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,758 shares of the company's stock, valued at approximately $933,000.

Several other large investors have also recently bought and sold shares of CPAY. Pathstone Holdings LLC increased its position in shares of Corpay by 3.9% during the 3rd quarter. Pathstone Holdings LLC now owns 5,487 shares of the company's stock valued at $1,716,000 after purchasing an additional 206 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Corpay in the 3rd quarter worth approximately $527,000. PNC Financial Services Group Inc. raised its holdings in shares of Corpay by 32.3% during the third quarter. PNC Financial Services Group Inc. now owns 6,334 shares of the company's stock valued at $1,981,000 after purchasing an additional 1,546 shares during the last quarter. King Luther Capital Management Corp lifted its stake in shares of Corpay by 73.9% in the 3rd quarter. King Luther Capital Management Corp now owns 12,729 shares of the company's stock worth $3,981,000 after purchasing an additional 5,408 shares during the period. Finally, Banco Santander S.A. purchased a new stake in Corpay in the third quarter worth about $668,000. 98.84% of the stock is owned by institutional investors.

Corpay Trading Down 0.4 %

Corpay stock traded down $1.45 during trading on Thursday, hitting $355.94. The company had a trading volume of 234,002 shares, compared to its average volume of 458,127. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The stock has a market cap of $25.00 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. The company's 50 day simple moving average is $364.52 and its 200-day simple moving average is $351.25. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $400.81.

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

Analyst Ratings Changes

A number of research firms recently commented on CPAY. Raymond James decreased their target price on Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. BMO Capital Markets increased their price target on Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Citigroup started coverage on shares of Corpay in a report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price target on the stock. Morgan Stanley upped their price objective on shares of Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company upped their price target on Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Corpay currently has an average rating of "Moderate Buy" and a consensus price target of $399.71.

Insider Buying and Selling at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the sale, the director now directly owns 12,215 shares in the company, valued at $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is owned by corporate insiders.

Corpay Company 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.