Farringdon Capital Ltd. Purchases New Stake in Corpay, Inc. (NYSE:CPAY)

Farringdon Capital Ltd. acquired a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,037 shares of the company's stock, valued at approximately $689,000.

Several other large investors also recently modified their holdings of CPAY. Exchange Traded Concepts LLC lifted its holdings in shares of Corpay by 16.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock valued at $69,000 after acquiring an additional 29 shares during the period. Tealwood Asset Management Inc. increased its holdings in Corpay by 0.7% during the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company's stock valued at $1,420,000 after purchasing an additional 30 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings 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 valued at $2,018,000 after buying an additional 30 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Corpay by 2.7% during the fourth quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock valued at $390,000 after purchasing an additional 30 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its position in Corpay by 3.5% in the 4th quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock worth $318,000 after purchasing an additional 32 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CPAY. Royal Bank of Canada increased their price objective on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Morgan Stanley raised their target price on shares of Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Raymond James dropped their target price on Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company upped their price objective on Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 16th. Finally, Barclays cut their price target on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Three investment 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $400.38.

Insiders Place Their Bets

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 stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the completion of the sale, the director now owns 12,215 shares in the company, 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 legal filing with the SEC, which is available through this hyperlink. 6.10% of the stock is currently owned by corporate insiders.

Corpay Trading Up 3.1 %

Shares of NYSE CPAY traded up $9.21 during trading on Tuesday, reaching $307.47. The company had a trading volume of 75,752 shares, compared to its average volume of 483,943. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. The stock has a market cap of $21.60 billion, a P/E ratio of 21.99, a PEG ratio of 1.32 and a beta of 1.11. The company's fifty day moving average price is $339.75 and its 200-day moving average price is $351.92.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) 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%. As a group, research analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current year.

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.