Y Intercept Hong Kong Ltd Purchases New Shares in Corpay, Inc. (NYSE:CPAY)

Y Intercept Hong Kong Ltd acquired a new position in shares of Corpay, Inc. (NYSE:CPAY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,010 shares of the company’s stock, valued at approximately $3,049,000.

Several other large investors have also recently added to or reduced their stakes in CPAY. Avion Wealth raised its position in shares of Corpay by 1,011.1% in the fourth quarter. Avion Wealth now owns 100 shares of the company’s stock valued at $33,000 after buying an additional 91 shares in the last quarter. Versant Capital Management Inc increased its stake in Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 60 shares during the period. Spire Wealth Management bought a new position in Corpay during the 4th quarter worth $42,000. Huntington National Bank raised its holdings in Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after acquiring an additional 40 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Corpay during the 3rd quarter valued at $42,000. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CPAY shares. Keefe, Bruyette & Woods boosted their price target on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Barclays boosted their target price on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. BMO Capital Markets increased their price target on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Morgan Stanley boosted their price objective on shares of Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada raised their target price on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.71.

Insider Transactions at Corpay

In other Corpay 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 transaction of $910,683.21. Following the completion of the sale, the director now directly owns 12,215 shares in the company, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 6.10% of the company’s stock.

Corpay Stock Down 0.8 %

Shares of CPAY opened at $361.10 on Tuesday. The stock’s 50-day moving average price is $363.03 and its two-hundred day moving average price is $343.75. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81. The company has a market capitalization of $25.17 billion, a PE ratio of 25.83, a PEG ratio of 1.32 and a beta of 1.28. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66.

Corpay (NYSE:CPAY) last posted 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, analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

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.