1,778 Shares in Corpay, Inc. (NYSE:CPAY) Purchased by Renaissance Group LLC

Renaissance Group LLC acquired a new stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,778 shares of the company's stock, valued at approximately $602,000.

A number of other hedge funds have 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 worth $33,000 after purchasing an additional 91 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Corpay by 130.4% during the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 60 shares during the period. Quarry LP bought a new position in Corpay in the 3rd quarter valued at $42,000. Spire Wealth Management purchased a new stake in shares of Corpay during the 4th quarter valued at $42,000. Finally, Assetmark Inc. boosted its holdings in shares of Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after buying an additional 60 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay Trading Up 0.7 %

Shares of CPAY stock traded up $2.21 during mid-day trading on Monday, reaching $307.69. The stock had a trading volume of 60,027 shares, compared to its average volume of 491,820. 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 firm has a market capitalization of $21.62 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81. The stock's 50-day moving average price is $348.19 and its two-hundred day moving average price is $352.36.

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%. Equities analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CPAY. Wells Fargo & Company increased their target price on shares of Corpay from $340.00 to $375.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Wolfe Research upgraded Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target for the company in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Morgan Stanley upped their price target on shares of Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Finally, Barclays reduced their target price on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday. Three investment 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $400.38.

Insider Activity

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 transaction of $910,683.21. Following the transaction, the director now owns 12,215 shares in the company, valued at approximately $4,583,434.45. This represents a 16.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.10% of the company's stock.

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.