Schroder Investment Management Group Has $11.20 Million Stock Position in Corpay, Inc. (NYSE:CPAY)

Schroder Investment Management Group increased its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 369.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,094 shares of the company's stock after purchasing an additional 26,048 shares during the quarter. Schroder Investment Management Group's holdings in Corpay were worth $11,200,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board boosted its stake in Corpay by 13.4% in the third quarter. Public Sector Pension Investment Board now owns 3,391 shares of the company's stock valued at $1,061,000 after acquiring an additional 400 shares during the period. Verition Fund Management LLC bought a new stake in shares of Corpay in the 3rd quarter worth approximately $1,357,000. Edgestream Partners L.P. acquired a new position in Corpay during the 3rd quarter valued at approximately $654,000. Centiva Capital LP bought a new position in Corpay during the 3rd quarter worth $334,000. Finally, Holocene Advisors LP acquired a new stake in Corpay in the third quarter worth $3,494,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Corpay Price Performance

CPAY stock traded down $7.58 during trading hours on Tuesday, hitting $280.72. 628,231 shares of the stock traded hands, compared to its average volume of 480,964. The stock has a 50-day simple moving average of $353.71 and a 200 day simple moving average of $352.22. The company has a market cap of $19.72 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.32 and a beta of 1.11. Corpay, Inc. has a one year low of $247.10 and a one year high of $400.81. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data 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 net margin of 25.25% and a return on equity of 41.46%. Equities analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current year.

Insiders Place Their Bets

In related 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 value of $910,683.21. Following the transaction, the director now directly owns 12,215 shares in the company, valued at $4,583,434.45. The trade was a 16.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CPAY shares. Keefe, Bruyette & Woods boosted their price target on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Royal Bank of Canada boosted their target price on shares of Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Wolfe Research upgraded 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. Wells Fargo & Company boosted their price objective on Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Finally, Citigroup assumed coverage on Corpay in a research report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 target price on the stock. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $401.54.

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.