4,677 Shares in Corpay, Inc. (NYSE:CPAY) Purchased by Marshall Wace LLP

Marshall Wace LLP acquired a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,677 shares of the company's stock, valued at approximately $1,583,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Corpay by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock valued at $2,623,702,000 after buying an additional 120,688 shares during the period. JPMorgan Chase & Co. lifted its stake in Corpay by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock valued at $1,653,659,000 after purchasing an additional 120,578 shares during the last quarter. Boston Partners grew its position in Corpay by 6.4% in the fourth quarter. Boston Partners now owns 2,045,398 shares of the company's stock worth $694,847,000 after buying an additional 122,380 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Corpay by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 1,732,793 shares of the company's stock valued at $584,962,000 after buying an additional 54,894 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Corpay by 163.7% during the 4th quarter. Invesco Ltd. now owns 1,686,665 shares of the company's stock valued at $570,801,000 after acquiring an additional 1,047,080 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Corpay Stock Performance

Shares of CPAY stock traded up $7.77 during trading on Friday, reaching $330.42. The company had a trading volume of 776,683 shares, compared to its average volume of 487,046. Corpay, Inc. has a one year low of $247.10 and a one year high of $400.81. 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's 50 day simple moving average is $331.29 and its two-hundred day simple moving average is $350.79. The company has a market capitalization of $23.21 billion, a PE ratio of 23.64, a PEG ratio of 1.32 and a beta of 1.11.

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

Insider Transactions at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of Corpay 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 sale, the director now directly owns 12,215 shares of the company's stock, valued at approximately $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.10% of the company's stock.

Analyst Upgrades and Downgrades

CPAY has been the topic of a number of recent analyst reports. Barclays cut their target price on Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Raymond James reduced their price objective on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company cut their price target on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Citigroup began coverage on shares of Corpay in a research note on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price objective for the company. Finally, Wolfe Research raised shares of 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. Four 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 stock. Based on data from MarketBeat.com, Corpay presently has an average rating of "Moderate Buy" and a consensus target price of $397.62.

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.