2,288 Shares in Corpay, Inc. (NYSE:CPAY) Bought by Compound Global Advisors LLC

Compound Global Advisors LLC bought a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,288 shares of the company's stock, valued at approximately $774,000. Corpay makes up 3.1% of Compound Global Advisors LLC's investment portfolio, making the stock its 10th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its stake in shares of 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 purchasing an additional 60 shares during the period. Huntington National Bank grew its stake in shares of Corpay by 43.0% during 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 purchased a new stake in shares of Corpay in the third quarter worth approximately $42,000. Spire Wealth Management bought a new stake in shares of Corpay during the fourth quarter worth $42,000. Finally, Synergy Asset Management LLC bought a new position in shares of Corpay in the fourth quarter worth about $43,000. Institutional investors own 98.84% of the company's stock.

Insider Transactions at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business's 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total value of $2,960,320.00. Following the sale, the chief accounting officer now owns 1,797 shares of the company's stock, valued at $664,961.88. The trade was a 81.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,402 shares of company stock valued at $4,987,164 over the last three months. 6.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on CPAY. Bank of America raised their target price on shares of Corpay from $344.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Wolfe Research raised shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective for the company in a research note on Wednesday, January 8th. Jefferies Financial Group increased their price objective 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. Morgan Stanley raised their price objective on 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 increased their price target on shares of Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Three research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $399.71.

Corpay Stock Performance

NYSE CPAY traded down $6.04 during trading on Tuesday, reaching $369.11. The company's stock had a trading volume of 448,807 shares, compared to its average volume of 461,756. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The firm has a market cap of $25.73 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 1.33 and a beta of 1.28. The business's fifty day moving average price is $361.45 and its 200-day moving average price is $337.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results 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%. As a group, analysts anticipate that Corpay, Inc. will post 20.62 EPS for the current fiscal year.

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.