Corpay, Inc. (NYSE:CPAY) Shares Sold by Ceera Investments LLC

Ceera Investments LLC cut its stake in shares of Corpay, Inc. (NYSE:CPAY) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,076 shares of the company’s stock after selling 182 shares during the period. Corpay makes up 1.9% of Ceera Investments LLC’s holdings, making the stock its 19th biggest holding. Ceera Investments LLC’s holdings in Corpay were worth $5,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Avion Wealth grew its holdings 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 purchasing an additional 91 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 60 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Corpay in the fourth quarter valued at approximately $42,000. Assetmark Inc. grew its holdings in shares of Corpay by 93.8% in the fourth quarter. Assetmark Inc. now owns 124 shares of the company’s stock valued at $42,000 after purchasing an additional 60 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of 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 purchasing an additional 40 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Down 2.0 %

CPAY stock opened at $335.78 on Friday. The company has a fifty day moving average price of $365.56 and a 200 day moving average price of $347.77. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81. The company has a market cap of $23.59 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. Sell-side analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current year.

Insider Activity at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business’s stock in a transaction 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 directly owns 12,215 shares of the company’s stock, valued at approximately $4,583,434.45. The trade was a 16.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CPAY. Citigroup initiated coverage on shares of Corpay in a report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price objective for the company. Wells Fargo & Company boosted their price target on shares of Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Raymond James lowered their price target on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Royal Bank of Canada boosted their price target on shares of Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. 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 company’s stock. Based on data from MarketBeat, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.71.

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.