Corpay, Inc. (NYSE:CPAY) Position Reduced by Factorial Partners LLC

Factorial Partners LLC lessened its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 5.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,200 shares of the company's stock after selling 900 shares during the quarter. Corpay makes up approximately 3.0% of Factorial Partners LLC's investment portfolio, making the stock its 6th largest holding. Factorial Partners LLC's holdings in Corpay were worth $5,144,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CPAY. Avion Wealth boosted its position 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 purchasing an additional 91 shares in the last quarter. Versant Capital Management Inc lifted its stake in Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after buying an additional 60 shares during the period. 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 worth $42,000 after buying an additional 40 shares during the period. Quarry LP acquired a new stake in shares of Corpay during the 3rd quarter worth approximately $42,000. Finally, Spire Wealth Management bought a new stake in shares of Corpay in the 4th quarter valued at $42,000. Institutional investors own 98.84% of the company's stock.

Insider Activity

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $375.23, for a total value of $910,683.21. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 6.10% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Morgan Stanley raised their target price on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Citigroup began coverage on Corpay in a research note on Tuesday, January 14th. They set a "buy" rating and a $430.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets boosted their price objective on Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $399.71.

Corpay Stock Up 2.2 %

Shares of NYSE CPAY traded up $7.64 during trading on Wednesday, hitting $356.91. The stock had a trading volume of 405,159 shares, compared to its average volume of 475,837. The firm has a fifty day moving average of $365.51 and a two-hundred day moving average of $347.04. The company has a market capitalization of $25.07 billion, a PE ratio of 25.53, a PEG ratio of 1.32 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings data 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 return on equity of 41.46% and a net margin of 25.25%. As a group, equities research analysts forecast that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

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.