Dimensional Fund Advisors LP Acquires 42,945 Shares of Corpay, Inc. (NYSE:CPAY)

Dimensional Fund Advisors LP lifted its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 779,288 shares of the company's stock after acquiring an additional 42,945 shares during the period. Dimensional Fund Advisors LP owned approximately 1.12% of Corpay worth $263,722,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC boosted its holdings in shares of Corpay by 16.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock worth $69,000 after acquiring an additional 29 shares during the period. Tealwood Asset Management Inc. raised its position in shares of Corpay by 0.7% in the fourth quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company's stock worth $1,420,000 after buying an additional 30 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Corpay by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock worth $2,018,000 after buying an additional 30 shares in the last quarter. IFP Advisors Inc raised its position in shares of Corpay by 2.7% in the fourth quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock worth $390,000 after buying an additional 30 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its position in shares of Corpay by 3.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock worth $318,000 after buying an additional 32 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Corpay Trading Up 0.2 %

CPAY stock traded up $0.50 during midday trading on Friday, hitting $322.39. The company had a trading volume of 207,676 shares, compared to its average volume of 483,022. 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, 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 $334.94 and its 200 day moving average price is $351.42. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 1.32 and a beta of 1.11.

Corpay (NYSE:CPAY - Get Free Report) last announced 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%. As a group, equities research analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CPAY shares. Wells Fargo & Company lowered their price objective on Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research report on Thursday. Citigroup initiated coverage on Corpay in a research report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price objective on the stock. Wolfe Research upgraded Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target on the stock in a research report on Wednesday, January 8th. Morgan Stanley upped their price objective on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada raised their price objective on Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Corpay has a consensus rating of "Moderate Buy" and an average price target of $397.62.

Insider Buying and Selling at Corpay

In related 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 completion of the transaction, the director now owns 12,215 shares in the company, valued at $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.