Corpay, Inc. (NYSE:CPAY) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 14.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 210,533 shares of the company's stock after selling 34,560 shares during the period. Corpay accounts for approximately 1.1% of Thompson Siegel & Walmsley LLC's holdings, making the stock its 26th biggest holding. Thompson Siegel & Walmsley LLC owned approximately 0.30% of Corpay worth $71,249,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Avion Wealth grew its stake in shares of 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 buying an additional 91 shares during the period. Versant Capital Management Inc boosted its position in 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 boosted its position in 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 during the period. Quarry LP purchased a new stake in Corpay during the 3rd quarter worth $42,000. Finally, Spire Wealth Management purchased a new stake in Corpay during the 4th quarter worth $42,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPAY has been the subject of a number of research reports. Royal Bank of Canada upped their price target on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research 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 price target for the company in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods upped their price target on shares of Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Morgan Stanley upped their price target on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets upped their price target on shares of Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $399.71.

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Insider Activity

In related news, Director Richard Macchia sold 2,427 shares of the stock in a transaction dated 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 $4,583,434.45. This represents 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 available through this hyperlink. Company insiders own 6.10% of the company's stock.

Corpay Stock Up 3.1 %

Shares of Corpay stock traded up $10.34 during trading on Monday, reaching $348.20. The company had a trading volume of 444,923 shares, compared to its average volume of 461,482. The company has a market cap of $24.46 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. The firm's fifty day moving average is $364.64 and its 200-day moving average is $349.17. 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, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) 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%. On average, analysts anticipate that Corpay, Inc. will post 19.76 EPS 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.