Magnetar Financial LLC acquired a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,555 shares of the company's stock, valued at approximately $5,603,000.
A number of other institutional investors also recently bought and sold shares of CPAY. Avion Wealth grew its position in Corpay by 1,011.1% in the 4th quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after buying an additional 91 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 60 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Corpay during the fourth quarter worth about $42,000. Assetmark Inc. raised its holdings in Corpay by 93.8% during the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after purchasing an additional 60 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Corpay by 43.0% during the third quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after purchasing an additional 40 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Citigroup initiated coverage on Corpay in a report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price objective on the stock. Raymond James decreased their price target on Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Morgan Stanley increased their price objective on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. BMO Capital Markets raised their target price on Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, Wolfe Research raised shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target on the stock in a research note on Wednesday, January 8th. Three 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $399.71.
Read Our Latest Report on CPAY
Corpay Price Performance
Shares of NYSE CPAY traded up $11.30 on Monday, hitting $357.99. The company's stock had a trading volume of 435,549 shares, compared to its average volume of 459,629. The stock has a 50 day moving average of $364.61 and a 200-day moving average of $350.82. The company has a market capitalization of $25.15 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. 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 issued its quarterly earnings data 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 EPS for the current year.
Insider Activity
In other news, Director Richard Macchia sold 2,427 shares of the business's 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 completion of the transaction, the director now owns 12,215 shares of the company's stock, valued at $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.10% of the company's stock.
About Corpay
(
Free Report)
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.
Read More
Before you consider Corpay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Corpay wasn't on the list.
While Corpay currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
