Corpay, Inc. (NYSE:CPAY) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC decreased its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,880 shares of the company's stock after selling 14,422 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Corpay were worth $9,435,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CPAY. Park West Asset Management LLC raised its stake in Corpay by 18.8% during the fourth quarter. Park West Asset Management LLC now owns 142,600 shares of the company's stock worth $48,259,000 after purchasing an additional 22,600 shares during the period. AQR Capital Management LLC raised its position in Corpay by 89.6% in the fourth quarter. AQR Capital Management LLC now owns 161,218 shares of the company's stock valued at $54,542,000 after purchasing an additional 76,167 shares during the period. Northern Trust Corp lifted its stake in shares of Corpay by 17.6% in the 4th quarter. Northern Trust Corp now owns 660,091 shares of the company's stock valued at $223,388,000 after purchasing an additional 98,970 shares during the last quarter. Quarry LP increased its position in shares of Corpay by 53.7% during the 4th quarter. Quarry LP now owns 206 shares of the company's stock worth $70,000 after purchasing an additional 72 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Corpay in the fourth quarter valued at about $4,787,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 completion of the transaction, the director now directly owns 12,215 shares in the company, valued at $4,583,434.45. The trade was a 16.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.10% of the company's stock.

Corpay Stock Performance

Shares of NYSE CPAY traded down $2.32 during midday trading on Monday, reaching $328.01. 161,721 shares of the company were exchanged, compared to its average volume of 486,599. The stock has a market cap of $23.04 billion, a P/E ratio of 23.49, a PEG ratio of 1.32 and a beta of 0.98. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81. The stock has a fifty day simple moving average of $330.49 and a 200 day simple moving average of $350.75. 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 (NYSE:CPAY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) 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%. On average, research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CPAY shares. Wolfe Research raised shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective for the company in a research report on Wednesday, January 8th. Royal Bank of Canada boosted their price target on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Morgan Stanley upped their target price on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Oppenheimer initiated coverage on Corpay in a research note on Monday, April 28th. They issued a "market perform" rating on the stock. Finally, Citigroup started coverage on Corpay in a research report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price target on the stock. Four investment 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.