Corient Private Wealth LLC Has $27.14 Million Holdings in Corpay, Inc. (NYSE:CPAY)

Corient Private Wealth LLC lessened its holdings in Corpay, Inc. (NYSE:CPAY) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,181 shares of the company’s stock after selling 1,985 shares during the period. Corient Private Wealth LLC owned about 0.12% of Corpay worth $27,135,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Avion Wealth grew its position in Corpay by 1,011.1% in the 4th quarter. Avion Wealth now owns 100 shares of the company’s stock worth $33,000 after purchasing an additional 91 shares in the last quarter. Versant Capital Management Inc grew its position in 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 purchasing an additional 60 shares in the last quarter. Spire Wealth Management bought a new stake in Corpay in the 4th quarter worth about $42,000. Assetmark Inc. grew its position in shares of Corpay by 93.8% during the 4th quarter. Assetmark Inc. now owns 124 shares of the company’s stock valued at $42,000 after acquiring an additional 60 shares during the period. Finally, Huntington National Bank grew its position in shares of 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 acquiring an additional 40 shares during the period. 98.84% of the stock is owned by institutional investors.

Corpay Stock Performance

NYSE CPAY opened at $347.57 on Wednesday. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The stock has a market capitalization of $24.42 billion, a PE ratio of 24.86, a P/E/G ratio of 1.32 and a beta of 1.25. The company’s 50 day simple moving average is $364.75 and its two-hundred day simple moving average is $349.66.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share 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%. Analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Richard Macchia sold 2,427 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $375.23, for a total transaction 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 trade represents a 16.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. BMO Capital Markets increased their target price on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price for the company in a research report on Wednesday, January 8th. Morgan Stanley increased their target price 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, Keefe, Bruyette & Woods increased their target price on shares of Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.