Corient Private Wealth LLC Reduces Position in Corpay, Inc. (NYSE:CPAY)

Corient Private Wealth LLC lowered its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,181 shares of the company's stock after selling 1,985 shares during the quarter. Corient Private Wealth LLC owned 0.12% of Corpay worth $27,135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Avion Wealth increased its holdings in Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after acquiring an additional 91 shares in the last quarter. Versant Capital Management Inc increased 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 in the last quarter. Huntington National Bank increased its stake in shares of Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after purchasing an additional 40 shares in the last quarter. Quarry LP acquired a new position in shares of Corpay during the 3rd quarter worth approximately $42,000. Finally, Spire Wealth Management purchased a new stake in Corpay in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

CPAY has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price target on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. 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 note on Wednesday, January 8th. Raymond James decreased their price target on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Citigroup started coverage on shares of Corpay in a report on Tuesday, January 14th. They set a "buy" rating and a $430.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on shares of Corpay from $340.00 to $375.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $399.71.

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Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.10% of the stock is owned by corporate insiders.

Corpay Trading Down 1.6 %

Shares of Corpay stock traded down $5.70 during trading hours on Friday, reaching $347.12. The stock had a trading volume of 475,625 shares, compared to its average volume of 459,710. The firm has a market capitalization of $24.38 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The firm has a 50 day simple moving average of $364.50 and a two-hundred day simple moving average of $349.92.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing analysts' consensus estimates 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, equities research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current 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.