Corpay, Inc. (NYSE:CPAY) is Graphene Investments SAS's 9th Largest Position

Graphene Investments SAS reduced its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,200 shares of the company's stock after selling 1,000 shares during the period. Corpay makes up approximately 2.2% of Graphene Investments SAS's investment portfolio, making the stock its 9th biggest position. Graphene Investments SAS's holdings in Corpay were worth $3,113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Exchange Traded Concepts LLC raised its holdings in shares of Corpay by 16.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock worth $69,000 after acquiring an additional 29 shares during the last quarter. Tealwood Asset Management Inc. raised its holdings in shares of Corpay by 0.7% in the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company's stock worth $1,420,000 after acquiring an additional 30 shares during the last quarter. Y.D. More Investments Ltd increased its stake in Corpay by 7.7% in the 4th quarter. Y.D. More Investments Ltd now owns 461 shares of the company's stock valued at $156,000 after buying an additional 33 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Corpay by 22.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company's stock valued at $58,000 after buying an additional 34 shares during the last quarter. Finally, Mather Group LLC. increased its stake in Corpay by 21.2% in the 3rd quarter. Mather Group LLC. now owns 200 shares of the company's stock valued at $63,000 after buying an additional 35 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the sale, the chief accounting officer now owns 1,797 shares of the company's stock, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Macchia sold 2,427 shares of Corpay 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 directly owns 12,215 shares in the company, valued at $4,583,434.45. The trade was a 16.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,402 shares of company stock worth $4,987,164 in the last 90 days. 6.10% of the stock is owned by company insiders.

Corpay Price Performance

Shares of NYSE CPAY traded down $6.04 during mid-day trading on Tuesday, reaching $369.11. 210,333 shares of the company were exchanged, compared to its average volume of 453,797. The stock has a market capitalization of $25.73 billion, a PE ratio of 26.37, a PEG ratio of 1.33 and a beta of 1.28. The company's 50 day moving average price is $361.45 and its 200 day moving average price is $337.49. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $400.81. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing analysts' consensus estimates of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. Sell-side analysts forecast that Corpay, Inc. will post 20.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Jefferies Financial Group raised their price target on shares of Corpay from $375.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Bank of America raised their price target on shares of Corpay from $344.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Raymond James cut their price objective 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. Finally, Keefe, Bruyette & Woods raised their price objective 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 given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $399.71.

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.