Jump Financial LLC Increases Stock Position in Corpay, Inc. (NYSE:CPAY)

Jump Financial LLC raised its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 203.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,749 shares of the company's stock after acquiring an additional 3,186 shares during the period. Jump Financial LLC's holdings in Corpay were worth $1,607,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its holdings in shares of Corpay by 16.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock worth $69,000 after buying an additional 29 shares in the last quarter. Tealwood Asset Management Inc. increased its stake in Corpay by 0.7% in the fourth quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company's stock valued at $1,420,000 after purchasing an additional 30 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Corpay by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock valued at $2,018,000 after purchasing an additional 30 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Corpay by 2.7% during the fourth quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock valued at $390,000 after purchasing an additional 30 shares during the period. Finally, Lake Street Advisors Group LLC boosted its holdings in Corpay by 3.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock worth $318,000 after acquiring an additional 32 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Corpay Trading Up 0.0 %

CPAY stock traded up $0.04 during trading on Friday, hitting $321.93. 46,475 shares of the company traded hands, compared to its average volume of 481,780. 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 company has a 50-day moving average of $336.22 and a 200-day moving average of $351.30. The firm has a market capitalization of $22.62 billion, a PE ratio of 23.01, a P/E/G ratio of 1.32 and a beta of 1.11. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last issued 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%. Analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $375.23, for a total transaction of $910,683.21. Following the sale, the director now owns 12,215 shares of the company's stock, valued at approximately $4,583,434.45. The trade was a 16.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Morgan Stanley boosted their price objective on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Barclays decreased their price objective on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Royal Bank of Canada increased their target price on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Wolfe Research upgraded Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Citigroup assumed coverage on shares of Corpay in a research report on Tuesday, January 14th. They set a "buy" rating and a $430.00 price target for the company. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned 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 $397.62.

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.