815 Shares in Corpay, Inc. (NYSE:CPAY) Purchased by One Wealth Advisors LLC

One Wealth Advisors LLC acquired a new position in Corpay, Inc. (NYSE:CPAY) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 815 shares of the company’s stock, valued at approximately $276,000.

Other large investors have also modified their holdings of the company. Albion Financial Group UT acquired a new stake in shares of Corpay in the 3rd quarter worth about $27,000. Versant Capital Management Inc increased its holdings in shares of Corpay by 130.4% in 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 acquired a new stake in shares of Corpay in the 4th quarter worth about $42,000. Huntington National Bank increased its holdings in shares of Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after acquiring an additional 40 shares during the period. Finally, Quarry LP acquired a new stake in shares of Corpay in the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Performance

Shares of CPAY opened at $379.69 on Tuesday. Corpay, Inc. has a one year low of $247.10 and a one year high of $391.10. The company has a 50-day moving average of $361.47 and a two-hundred day moving average of $333.61. The stock has a market cap of $26.47 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 1.30 and a beta of 1.26. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05.

Corpay (NYSE:CPAY) last announced its 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 net margin of 26.14% and a return on equity of 39.44%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company posted $4.20 earnings per share. On average, equities research analysts expect that Corpay, Inc. will post 17.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. 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 note on Wednesday, January 8th. Bank of America raised their target price on shares of Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Barclays raised their target price on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, BMO Capital Markets raised their target price on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $381.43.

Insiders Place Their Bets

In other news, Director Joseph W. Farrelly sold 2,975 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief accounting officer now directly owns 1,797 shares of the company’s stock, valued at $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.