4,229 Shares in Corpay, Inc. (NYSE:CPAY) Bought by Woodline Partners LP

Woodline Partners LP purchased a new stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,229 shares of the company's stock, valued at approximately $1,431,000.

A number of other hedge funds also recently bought and sold shares of the business. Vident Advisory LLC raised its stake in Corpay by 4.6% during the fourth quarter. Vident Advisory LLC now owns 2,198 shares of the company's stock valued at $744,000 after purchasing an additional 97 shares in the last quarter. Waters Parkerson & CO. LLC purchased a new stake in shares of Corpay in the fourth quarter valued at $10,579,000. Squarepoint Ops LLC raised its stake in shares of Corpay by 417.1% in the fourth quarter. Squarepoint Ops LLC now owns 9,669 shares of the company's stock valued at $3,272,000 after acquiring an additional 7,799 shares during the period. Twinbeech Capital LP purchased a new stake in shares of Corpay in the fourth quarter valued at $35,969,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Corpay in the fourth quarter valued at $426,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Stock Down 0.8%

NYSE CPAY traded down $2.70 during trading on Friday, reaching $326.92. 103,767 shares of the company's stock traded hands, compared to its average volume of 478,184. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The firm has a market cap of $23.05 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. The company's 50 day simple moving average is $325.76 and its two-hundred day simple moving average is $349.52. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, beating analysts' consensus estimates of $4.50 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.10 EPS. As a group, sell-side analysts forecast that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CPAY. Morgan Stanley increased their target price 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. Keefe, Bruyette & Woods increased their target price on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. UBS Group reduced their target price on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Oppenheimer began coverage on shares of Corpay in a research note on Monday, April 28th. They issued a "market perform" rating on the stock. Finally, Wells Fargo & Company reduced their target price on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Corpay presently has a consensus rating of "Moderate Buy" and a consensus target price of $395.07.

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.