Corpay, Inc. (NYSE:CPAY) Shares Sold by Xponance Inc.

Xponance Inc. lessened its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 7.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,467 shares of the company's stock after selling 1,237 shares during the quarter. Xponance Inc.'s holdings in Corpay were worth $5,234,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Corpay in the fourth quarter valued at approximately $134,950,000. Boston Partners raised its position in Corpay by 6.4% in the 4th quarter. Boston Partners now owns 2,045,398 shares of the company's stock valued at $694,847,000 after purchasing an additional 122,380 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Corpay by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock worth $1,653,659,000 after purchasing an additional 120,578 shares during the period. Prana Capital Management LP acquired a new position in Corpay in the third quarter valued at $31,541,000. Finally, Proficio Capital Partners LLC acquired a new position in Corpay in the fourth quarter valued at $28,632,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CPAY shares. Keefe, Bruyette & Woods boosted their price target on Corpay from $415.00 to $445.00 and gave the company an "outperform" 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 target price on the stock in a research note on Wednesday, January 8th. BMO Capital Markets increased their price target on Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Raymond James dropped their price objective on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Finally, Wells Fargo & Company upped their price objective on shares of Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $399.71.

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Insiders Place Their Bets

In other Corpay news, Director Richard Macchia sold 2,427 shares of the firm's 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 transaction, the director now owns 12,215 shares of the company's stock, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.10% of the stock is currently owned by company insiders.

Corpay Price Performance

Shares of CPAY traded up $11.30 on Monday, reaching $357.99. The stock had a trading volume of 435,549 shares, compared to its average volume of 459,629. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The firm has a market capitalization of $25.15 billion, a PE ratio of 25.61, a PEG ratio of 1.32 and a beta of 1.25. The firm has a 50-day moving average of $364.50 and a 200 day moving average of $350.44. 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 (NYSE:CPAY - Get Free Report) last posted 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 net margin of 25.25% and a return on equity of 41.46%. Sell-side analysts expect that Corpay, Inc. will post 19.76 EPS for the current year.

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.