1,751 Shares in Corpay, Inc. (NYSE:CPAY) Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new stake in Corpay, Inc. (NYSE:CPAY) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,751 shares of the company’s stock, valued at approximately $593,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avion Wealth lifted its position in Corpay by 1,011.1% during the fourth quarter. Avion Wealth now owns 100 shares of the company’s stock worth $33,000 after purchasing an additional 91 shares during the period. Versant Capital Management Inc increased its position in Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 60 shares during the period. Huntington National Bank increased its position in Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after purchasing an additional 40 shares during the period. Quarry LP acquired a new stake in Corpay during the 3rd quarter valued at approximately $42,000. Finally, Spire Wealth Management acquired a new stake in shares of Corpay during the 4th quarter worth approximately $42,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Down 2.0 %

Shares of CPAY opened at $335.78 on Friday. The firm has a market capitalization of $23.59 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. 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 firm has a fifty day moving average price of $365.56 and a 200-day moving average price of $347.77.

Corpay (NYSE:CPAY) last announced its 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%. Equities research analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current year.

Wall Street Analyst Weigh In

CPAY has been the topic of several recent analyst reports. Royal Bank of Canada raised their price objective on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Wolfe Research raised Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price for the company in a report on Wednesday, January 8th. Morgan Stanley lifted their target price on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods lifted their price target on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Raymond James dropped their target price on Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.71.

Insider Activity

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