Corpay, Inc. (NYSE:CPAY) Position Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,122 shares of the company's stock after selling 1,074 shares during the period. Yousif Capital Management LLC's holdings in Corpay were worth $3,425,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Albion Financial Group UT acquired a new position in shares of Corpay in the third quarter valued at approximately $27,000. Versant Capital Management Inc grew its holdings 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 purchasing an additional 60 shares during the period. Huntington National Bank grew its holdings in Corpay by 43.0% in the third quarter. Huntington National Bank now owns 133 shares of the company's stock valued at $42,000 after purchasing an additional 40 shares during the period. Quarry LP purchased a new stake in Corpay in the third quarter valued at approximately $42,000. Finally, Spire Wealth Management purchased a new stake in Corpay in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Transactions at Corpay

In related news, CAO Alissa B. Vickery sold 8,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total value of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now owns 1,797 shares in the company, valued at $664,961.88. This represents a 81.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard Macchia sold 2,427 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $375.23, for a total transaction of $910,683.21. Following the completion of the transaction, the director now owns 12,215 shares of the company's stock, valued at $4,583,434.45. This represents a 16.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.10% of the company's stock.

Corpay Stock Performance

Shares of NYSE:CPAY traded down $1.71 on Wednesday, reaching $367.50. 346,225 shares of the company's stock were exchanged, compared to its average volume of 458,690. The firm has a market capitalization of $25.62 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 1.33 and a beta of 1.28. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The business's 50-day moving average is $361.34 and its two-hundred day moving average is $338.04. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66.

Corpay (NYSE:CPAY - Get Free Report) last released 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 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 20.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CPAY. Citigroup assumed coverage on shares of Corpay in a report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 target price for the company. Keefe, Bruyette & Woods boosted their target price on shares of Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their target price on shares of Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Raymond James reduced their target price on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Finally, Royal Bank of Canada boosted their target price on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Corpay presently has a consensus rating of "Moderate Buy" and a consensus price target of $399.71.

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.