SG Americas Securities LLC Increases Stake in Corpay, Inc. (NYSE:CPAY)

SG Americas Securities LLC boosted its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 90.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,458 shares of the company's stock after acquiring an additional 1,641 shares during the period. SG Americas Securities LLC's holdings in Corpay were worth $1,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Corpay by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock worth $1,653,659,000 after purchasing an additional 120,578 shares during the last quarter. FMR LLC grew its position in Corpay by 3.0% in the third quarter. FMR LLC now owns 2,692,847 shares of the company's stock worth $842,215,000 after acquiring an additional 78,880 shares in the last quarter. Geode Capital Management LLC raised its position in Corpay by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,677,899 shares of the company's stock valued at $523,061,000 after purchasing an additional 23,275 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Corpay by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 458,477 shares of the company's stock worth $143,393,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Corpay by 2.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 357,397 shares of the company's stock worth $111,779,000 after purchasing an additional 8,378 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

CPAY has been the subject of a number of recent research reports. Bank of America boosted their target price on Corpay from $344.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Citigroup initiated coverage on shares of Corpay in a report on Tuesday, January 14th. They set a "buy" rating and a $430.00 target price on the stock. BMO Capital Markets lifted their target price on shares of Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Jefferies Financial Group upped their price target on shares of Corpay from $375.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Finally, Wolfe Research raised 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. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $381.43.

Corpay Trading Down 1.7 %

Shares of CPAY traded down $6.70 during mid-day trading on Friday, hitting $380.77. 197,205 shares of the company's stock traded hands, compared to its average volume of 412,462. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $26.54 billion, a P/E ratio of 27.16, a PEG ratio of 1.30 and a beta of 1.26. The business's 50-day moving average price is $361.45 and its 200-day moving average price is $332.45. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $391.10.

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

Insider Activity at Corpay

In other news, CAO Alissa B. Vickery sold 8,000 shares of the business's stock in a transaction on 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 in the company, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 10,530 shares of the company's stock, valued at approximately $3,950,645.40. The trade was 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 owned by corporate insiders.

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.