Susquehanna Fundamental Investments LLC Invests $4.71 Million in Corpay, Inc. (NYSE:CPAY)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,903 shares of the company's stock, valued at approximately $4,705,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Avion Wealth lifted its position in Corpay by 1,011.1% in the fourth quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after buying an additional 91 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Corpay by 130.4% in the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 60 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Corpay during the 4th quarter worth approximately $42,000. Assetmark Inc. increased its holdings in Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after purchasing an additional 60 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Corpay by 70.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock valued at $45,000 after purchasing an additional 55 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Trading Up 2.4 %

CPAY traded up $7.77 during midday trading on Friday, hitting $330.42. The company's stock had a trading volume of 776,683 shares, compared to its average volume of 487,046. The firm has a market cap of $23.21 billion, a P/E ratio of 23.64, a PEG 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 current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The firm has a 50-day moving average price of $331.29 and a two-hundred day moving average price of $350.79.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 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%. On average, research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current year.

Insider Activity at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the business's stock in a transaction dated 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 sale, the director now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CPAY shares. Royal Bank of Canada increased their target price on 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 lifted their price objective on shares of Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Oppenheimer began coverage on shares of Corpay in a report on Monday. They set a "market perform" rating on the stock. Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target for the company in a research note on Wednesday, January 8th. Finally, Barclays reduced their price objective on Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Four 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 company's stock. Based on data from MarketBeat, Corpay has a consensus rating of "Moderate Buy" and an average target price of $397.62.

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.