Goodman Financial Corp Has $15.84 Million Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Goodman Financial Corp reduced its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,813 shares of the company's stock after selling 4,971 shares during the quarter. Corpay accounts for approximately 3.4% of Goodman Financial Corp's investment portfolio, making the stock its 6th biggest holding. Goodman Financial Corp owned approximately 0.07% of Corpay worth $15,842,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Avion Wealth lifted its holdings in 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 during the last quarter. Versant Capital Management Inc lifted its position in Corpay by 130.4% during the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 60 shares during the last quarter. Quarry LP acquired a new stake in Corpay during the third quarter worth approximately $42,000. Spire Wealth Management acquired a new position in shares of Corpay in the fourth quarter valued at approximately $42,000. Finally, Assetmark Inc. increased its stake in shares of Corpay by 93.8% during the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CPAY shares. Royal Bank of Canada boosted their price target on Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price target on Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Citigroup started coverage on Corpay in a research note on Tuesday, January 14th. They set a "buy" rating and a $430.00 price objective on the stock. Wells Fargo & Company increased their target price on Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Finally, Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 target price for the company in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $399.71.

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Insider Transactions at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the business's stock in a transaction that occurred 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 in the company, valued at $4,583,434.45. The trade was a 16.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.10% of the company's stock.

Corpay Stock Up 0.2 %

Shares of NYSE CPAY traded up $0.74 during mid-day trading on Tuesday, reaching $358.69. 300,530 shares of the company's stock traded hands, compared to its average volume of 459,536. 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 business has a 50-day simple moving average of $364.61 and a 200 day simple moving average of $350.82. The stock has a market cap of $25.20 billion, a P/E ratio of 25.66, a PEG ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly 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 expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

About Corpay

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.