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

GHP Investment Advisors Inc. raised its holdings in Corpay, Inc. (NYSE:CPAY) by 11.5% in the 4th quarter, HoldingsChannel reports. The fund owned 7,410 shares of the company’s stock after acquiring an additional 767 shares during the period. GHP Investment Advisors Inc.’s holdings in Corpay were worth $2,508,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CPAY. Albion Financial Group UT acquired a new stake in shares of Corpay during the third quarter worth $27,000. Versant Capital Management Inc boosted its position in Corpay by 130.4% during the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 60 shares during the last quarter. Huntington National Bank raised its position in shares of Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after acquiring an additional 40 shares in the last quarter. Quarry LP acquired a new position in shares of Corpay in the 3rd quarter valued at about $42,000. Finally, Spire Wealth Management bought a new stake in shares of Corpay during the 4th quarter valued at about $42,000. Institutional investors own 98.84% of the company’s stock.

Insiders Place Their Bets

In other news, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction 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 in the company, valued at $3,950,645.40. The trade was a 22.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $2,960,320.00. Following the transaction, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Corpay Trading Up 0.2 %

Shares of Corpay stock opened at $389.35 on Friday. The company has a market capitalization of $27.14 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 1.30 and a beta of 1.28. The stock has a fifty day simple moving average of $361.54 and a 200 day simple moving average of $335.21. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69.

Corpay (NYSE:CPAY) last posted its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a return on equity of 39.44% and a net margin of 26.14%. On average, sell-side analysts anticipate that Corpay, Inc. will post 17.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CPAY shares. Wells Fargo & Company lifted 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. Bank of America boosted their target price on shares of Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Morgan Stanley raised their price target on shares of Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a report on Thursday. Royal Bank of Canada upped their price objective on shares of Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods raised their target price on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.71.

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.