Corpay, Inc. (NYSE:CPAY) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,429 shares of the company's stock after selling 2,827 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Corpay worth $14,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPAY. Allspring Global Investments Holdings LLC grew its position in shares of Corpay by 17.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 23,732 shares of the company's stock worth $8,067,000 after buying an additional 3,504 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Corpay by 70.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,989 shares of the company's stock worth $1,689,000 after purchasing an additional 2,059 shares during the period. Radnor Capital Management LLC bought a new position in shares of Corpay during the fourth quarter valued at approximately $3,667,000. Nisa Investment Advisors LLC lifted its holdings in shares of Corpay by 68.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,966 shares of the company's stock valued at $1,342,000 after purchasing an additional 1,611 shares during the last quarter. Finally, Journey Strategic Wealth LLC purchased a new stake in shares of Corpay in the 4th quarter worth approximately $499,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.10% of the company's stock.

Corpay Stock Up 2.4 %

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

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share 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%. As a group, equities analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wells Fargo & Company dropped their target price on Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada upped their target price 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. Oppenheimer started coverage on shares of Corpay in a research report on Monday. They set a "market perform" rating for the company. Keefe, Bruyette & Woods upped their price target on Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Morgan Stanley lifted their target price on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Corpay has an average 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.