Corpay, Inc. (NYSE:CPAY) Shares Acquired by Mariner LLC

Mariner LLC grew its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,986 shares of the company's stock after purchasing an additional 1,005 shares during the quarter. Mariner LLC's holdings in Corpay were worth $3,379,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Avion Wealth raised its holdings in Corpay by 1,011.1% in the 4th quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after acquiring an additional 91 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 60 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Corpay in the fourth quarter valued at approximately $42,000. Assetmark Inc. lifted its position in Corpay by 93.8% during the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after buying an additional 60 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in Corpay during the fourth quarter worth $43,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $375.23, for a total value 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. The trade was 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. 6.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on CPAY shares. Royal Bank of Canada lifted their price target on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Wells Fargo & Company decreased their target price on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a report on Thursday. Citigroup started coverage on shares of Corpay in a research note on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price target for the company. Raymond James reduced their price target on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Finally, Morgan Stanley increased their price objective on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $397.62.

Corpay Trading Up 0.2 %

NYSE:CPAY traded up $0.50 on Friday, reaching $322.39. 207,676 shares of the company's stock were exchanged, compared to its average volume of 482,135. The firm has a market capitalization of $22.65 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. Corpay, Inc. has a 52-week low of $247.10 and a 52-week 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 business has a fifty day moving average of $334.94 and a 200-day moving average of $351.20.

Corpay (NYSE:CPAY - Get Free Report) last announced 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 return on equity of 41.46% and a net margin of 25.25%. As a group, analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current year.

Corpay Company 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.