Brandywine Global Investment Management LLC Has $25.28 Million Position in Corpay, Inc. (NYSE:CPAY)

Brandywine Global Investment Management LLC raised its holdings in Corpay, Inc. (NYSE:CPAY) by 57.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,713 shares of the company’s stock after buying an additional 27,236 shares during the quarter. Brandywine Global Investment Management LLC owned 0.11% of Corpay worth $25,284,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Schroder Investment Management Group raised its holdings in shares of Corpay by 369.7% in the 4th quarter. Schroder Investment Management Group now owns 33,094 shares of the company’s stock worth $11,200,000 after buying an additional 26,048 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Corpay in the 4th quarter worth about $8,734,000. Allstate Corp acquired a new stake in shares of Corpay during the 4th quarter worth about $665,000. Maridea Wealth Management LLC bought a new position in Corpay during the 4th quarter valued at about $245,000. Finally, Norges Bank acquired a new position in Corpay in the fourth quarter valued at about $241,739,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Activity at Corpay

In related 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 sale, the director now owns 12,215 shares of the company’s stock, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CPAY. Wolfe Research upgraded shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price for the company in a research note on Wednesday, January 8th. BMO Capital Markets boosted 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. Citigroup started coverage on Corpay in a report on Tuesday, January 14th. They set a “buy” rating and a $430.00 target price on the stock. Royal Bank of Canada lifted their price target on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Finally, Raymond James decreased their price objective on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $399.71.

Corpay Price Performance

Shares of CPAY stock opened at $346.79 on Monday. The firm’s 50 day moving average price is $363.75 and its two-hundred day moving average price is $352.17. 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 stock has a market cap of $24.36 billion, a PE ratio of 24.81, a PEG ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81.

Corpay (NYSE:CPAY) 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 net margin of 25.25% and a return on equity of 41.46%. As a group, analysts forecast that Corpay, Inc. will post 19.76 EPS for the current year.

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.