Corpay, Inc. (NYSE:CPAY) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its stake in shares of Corpay, Inc. (NYSE:CPAY) by 14.3% during the 4th quarter, Holdings Channel reports. The fund owned 4,912 shares of the company’s stock after purchasing an additional 614 shares during the quarter. Vinva Investment Management Ltd’s holdings in Corpay were worth $1,658,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB grew its holdings in Corpay by 46.3% during the third quarter. Swedbank AB now owns 186,117 shares of the company’s stock worth $58,210,000 after acquiring an additional 58,900 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Corpay during the third quarter worth about $527,000. Allspring Global Investments Holdings LLC grew its holdings in Corpay by 17.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 23,732 shares of the company’s stock worth $8,067,000 after acquiring an additional 3,504 shares during the period. Banco Santander S.A. acquired a new stake in Corpay during the third quarter worth about $668,000. Finally, Commerce Bank boosted its position in Corpay by 28.3% during the third quarter. Commerce Bank now owns 29,681 shares of the company’s stock worth $9,283,000 after purchasing an additional 6,544 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Stock Performance

Shares of Corpay stock opened at $352.98 on Friday. Corpay, Inc. has a one year low of $247.10 and a one year high of $400.81. The company has a market cap of $24.80 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.32 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The business’s 50 day moving average price is $364.55 and its 200 day moving average price is $349.70.

Corpay (NYSE:CPAY) last announced 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 predict that Corpay, Inc. will post 19.76 EPS for the current year.

Analyst Ratings Changes

CPAY has been the topic of a number of recent analyst reports. Raymond James lowered their price target on Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Citigroup initiated coverage on Corpay in a research report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target on the stock. Royal Bank of Canada increased their price target on Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. BMO Capital Markets increased their price target on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Wolfe Research upgraded Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target on the stock in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $399.71.

Insider Buying and Selling

In other Corpay news, Director Richard Macchia sold 2,427 shares of the firm’s stock in a transaction 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 sale, the director now owns 12,215 shares of the company’s stock, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is currently owned by company insiders.

About Corpay

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.