GHP Investment Advisors Inc. Has $2.51 Million Position in Corpay, Inc. (NYSE:CPAY)

GHP Investment Advisors Inc. raised its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,410 shares of the company's stock after acquiring an additional 767 shares during the quarter. GHP Investment Advisors Inc.'s holdings in Corpay were worth $2,508,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Albion Financial Group UT acquired a new position in shares of Corpay in the 3rd quarter valued at $27,000. Versant Capital Management Inc raised 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 buying an additional 60 shares during the last quarter. Huntington National Bank increased its holdings in shares of Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company's stock valued at $42,000 after purchasing an additional 40 shares in the last quarter. Quarry LP purchased a new position in shares of Corpay in the 3rd quarter valued at about $42,000. Finally, Spire Wealth Management purchased a new position in shares of Corpay in the 4th quarter valued at about $42,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Bank of America raised their target price 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. Barclays raised their price target on shares of Corpay from $385.00 to $415.00 and gave the company an "overweight" rating in a report on Monday, October 28th. Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research note on Thursday. 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $399.71.

Insider Activity at Corpay

In related news, CAO Alissa B. Vickery sold 8,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer now directly owns 1,797 shares in the company, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the sale, the director now directly owns 10,530 shares of the company's stock, valued at $3,950,645.40. This represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

Corpay Trading Down 0.0 %

NYSE CPAY traded down $0.04 on Monday, hitting $375.82. 209,449 shares of the company were exchanged, compared to its average volume of 450,754. The company's 50 day moving average price is $361.61 and its 200-day moving average price is $336.86. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The firm has a market capitalization of $26.20 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81.

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