Lyrical Asset Management LP Has $250.30 Million Position in Corpay, Inc. (NYSE:CPAY)

Lyrical Asset Management LP boosted its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 739,619 shares of the company's stock after acquiring an additional 1,433 shares during the period. Corpay accounts for about 3.7% of Lyrical Asset Management LP's investment portfolio, making the stock its 10th largest position. Lyrical Asset Management LP owned about 1.06% of Corpay worth $250,302,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its holdings in Corpay by 13.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,391 shares of the company's stock worth $1,061,000 after purchasing an additional 400 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Corpay in the third quarter worth $1,357,000. Centiva Capital LP bought a new position in shares of Corpay during the third quarter worth $334,000. Hilltop Holdings Inc. bought a new position in shares of Corpay during the third quarter worth $206,000. Finally, HighTower Advisors LLC grew its stake in Corpay by 1.0% during the third quarter. HighTower Advisors LLC now owns 22,983 shares of the company's stock valued at $7,179,000 after acquiring an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on CPAY shares. Royal Bank of Canada boosted their price target on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Raymond James dropped their price target on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Citigroup initiated coverage on Corpay in a research note on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price objective on the stock. Wells Fargo & Company upped their price objective on Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Finally, Morgan Stanley boosted their price target on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Corpay currently has an average rating of "Moderate Buy" and a consensus target price of $401.54.

Corpay Trading Up 0.6 %

CPAY traded up $1.85 during trading on Friday, reaching $301.59. The company had a trading volume of 125,402 shares, compared to its average volume of 482,099. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $400.81. The stock has a market cap of $21.19 billion, a P/E ratio of 21.59, a PEG ratio of 1.32 and a beta of 1.11. The business has a 50 day simple moving average of $349.68 and a 200-day simple moving average of $352.04.

Corpay (NYSE:CPAY - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share 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, equities analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Insider Buying and Selling at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction on Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.10% of the stock is owned by corporate insiders.

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.