Vinva Investment Management Ltd Acquires 614 Shares of Corpay, Inc. (NYSE:CPAY)

Vinva Investment Management Ltd raised its holdings in Corpay, Inc. (NYSE:CPAY) by 14.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,912 shares of the company’s stock after acquiring 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.

Several other hedge funds also recently bought and sold shares of the business. Swedbank AB lifted its holdings in shares of Corpay by 46.3% in the 3rd quarter. Swedbank AB now owns 186,117 shares of the company’s stock worth $58,210,000 after buying an additional 58,900 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Corpay in the 3rd quarter worth $527,000. Allspring Global Investments Holdings LLC lifted its holdings 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. Banco Santander S.A. purchased a new stake in shares of Corpay in the 3rd quarter worth $668,000. Finally, Commerce Bank lifted its holdings in shares of Corpay by 28.3% in the 3rd quarter. Commerce Bank now owns 29,681 shares of the company’s stock worth $9,283,000 after buying an additional 6,544 shares during the period. Institutional investors own 98.84% of the company’s stock.

Corpay Trading Up 0.2 %

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

Corpay (NYSE:CPAY) last released its quarterly earnings results 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 net margin of 25.25% and a return on equity of 41.46%. On average, research analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Raymond James lowered their target price on Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Morgan Stanley upped their price objective on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods upped their price objective on Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets upped their price objective on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $399.71.

Insider Activity

In other news, Director Richard Macchia sold 2,427 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $375.23, for a total value of $910,683.21. Following the transaction, the director now directly owns 12,215 shares of the company’s stock, valued at approximately $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.10% of the company’s stock.

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.