Dynamic Advisor Solutions LLC Takes Position in Corpay, Inc. (NYSE:CPAY)

Dynamic Advisor Solutions LLC acquired a new stake in Corpay, Inc. (NYSE:CPAY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 795 shares of the company's stock, valued at approximately $269,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPAY. Public Sector Pension Investment Board grew its stake in shares of Corpay by 85.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,991 shares of the company's stock worth $797,000 after purchasing an additional 1,379 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Corpay by 16.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,027 shares of the company's stock worth $274,000 after buying an additional 148 shares in the last quarter. Wallace Advisory Group LLC acquired a new position in Corpay during the second quarter worth about $288,000. Advisory Alpha LLC increased its holdings in Corpay by 13.6% in the second quarter. Advisory Alpha LLC now owns 1,306 shares of the company's stock valued at $348,000 after buying an additional 156 shares in the last quarter. Finally, Aurora Investment Counsel acquired a new stake in shares of Corpay during the 2nd quarter valued at approximately $2,380,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Corpay Trading Down 1.8 %

Shares of Corpay stock traded down $6.92 during trading hours on Friday, reaching $380.55. 398,177 shares of the company's stock were exchanged, compared to its average volume of 384,842. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $391.10. The company has a fifty day moving average of $361.47 and a 200-day moving average of $333.08. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $26.53 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 1.30 and a beta of 1.26.

Corpay (NYSE:CPAY - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $4.72 EPS for the quarter, beating the consensus estimate of $4.67 by $0.05. Corpay had a return on equity of 39.44% and a net margin of 26.14%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $4.20 earnings per share. Sell-side analysts forecast that Corpay, Inc. will post 17.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BMO Capital Markets upped their price target on Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Keefe, Bruyette & Woods lowered their target price on Corpay from $425.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Barclays lifted their price target on Corpay from $385.00 to $415.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. Bank of America boosted their price objective 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. Finally, Jefferies Financial Group raised their target price on shares of Corpay from $375.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Corpay currently has an average rating of "Moderate Buy" and a consensus target price of $381.43.

Insider Activity at Corpay

In other news, CAO Alissa B. Vickery sold 8,000 shares of Corpay 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 transaction, the chief accounting officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the sale, the director now directly owns 10,530 shares of the company's stock, valued at approximately $3,950,645.40. This trade represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

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.