Virtu Financial LLC Invests $625,000 in Corpay, Inc. (NYSE:CPAY)

Virtu Financial LLC bought a new position in shares of Corpay, Inc. (NYSE:CPAY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,848 shares of the company’s stock, valued at approximately $625,000.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Corpay by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock worth $1,653,659,000 after purchasing an additional 120,578 shares in the last quarter. FMR LLC raised its position in shares of Corpay by 3.0% in the third quarter. FMR LLC now owns 2,692,847 shares of the company’s stock valued at $842,215,000 after buying an additional 78,880 shares in the last quarter. Boston Partners grew its position in Corpay by 6.4% during the fourth quarter. Boston Partners now owns 2,045,398 shares of the company’s stock worth $694,847,000 after buying an additional 122,380 shares in the last quarter. Geode Capital Management LLC increased its stake in Corpay by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,677,899 shares of the company’s stock worth $523,061,000 after acquiring an additional 23,275 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Corpay by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the company’s stock valued at $160,904,000 after acquiring an additional 16,981 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Corpay

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

Wall Street Analyst Weigh In

CPAY has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods boosted their target price on shares of Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Raymond James reduced their price target on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Citigroup began coverage on Corpay in a research note on Tuesday, January 14th. They set a “buy” rating and a $430.00 target price for the company. Finally, BMO Capital Markets boosted their price target on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Three equities research 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, the stock has an average rating of “Moderate Buy” and an average target price of $399.71.

Corpay Stock Up 0.2 %

NYSE:CPAY opened at $358.69 on Wednesday. Corpay, Inc. has a one year low of $247.10 and a one year high of $400.81. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The company has a market cap of $25.20 billion, a PE ratio of 25.66, a P/E/G ratio of 1.32 and a beta of 1.25. The firm’s 50 day simple moving average is $364.62 and its 200 day simple moving average is $351.21.

Corpay (NYSE:CPAY) last issued 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 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.

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.