Corpay, Inc. (NYSE:CPAY) Shares Acquired by Advisory Alpha LLC

Advisory Alpha LLC increased its stake in Corpay, Inc. (NYSE:CPAY) by 8.9% during the 4th quarter, Holdings Channel reports. The fund owned 1,823 shares of the company’s stock after purchasing an additional 149 shares during the quarter. Advisory Alpha LLC’s holdings in Corpay were worth $617,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Albion Financial Group UT purchased a new stake in shares of Corpay in the 3rd quarter valued at approximately $27,000. Versant Capital Management Inc grew its stake in shares of Corpay by 130.4% during the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 60 shares in the last quarter. Huntington National Bank increased its holdings in Corpay by 43.0% in the third quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after buying an additional 40 shares during the last quarter. Quarry LP acquired a new stake in Corpay in the third quarter valued at $42,000. Finally, Continuum Advisory LLC lifted its holdings in Corpay by 47.9% during the 3rd quarter. Continuum Advisory LLC now owns 142 shares of the company’s stock worth $44,000 after buying an additional 46 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay Stock Performance

Shares of CPAY stock opened at $373.72 on Thursday. The stock’s 50-day moving average price is $359.94 and its 200 day moving average price is $328.15. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $26.05 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 1.25 and a beta of 1.26. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $385.30.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Thursday, November 7th. The company reported $4.72 EPS for the quarter, topping the consensus estimate of $4.67 by $0.05. Corpay had a return on equity of 39.44% and a net margin of 26.14%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the business earned $4.20 earnings per share. As a group, equities research analysts forecast that Corpay, Inc. will post 17.84 EPS for the current year.

Insider Transactions at Corpay

In other news, CAO Alissa B. Vickery sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This represents a 81.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph W. Farrelly sold 2,975 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the sale, the director now directly owns 10,530 shares of the company’s stock, valued at $3,950,645.40. This represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CPAY shares. Keefe, Bruyette & Woods dropped their price objective on Corpay from $425.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Jefferies Financial Group increased their price target on shares of Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays upped their target price on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Citigroup assumed coverage on shares of Corpay in a research report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target for the company. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $381.43.

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.