Corpay, Inc. (NYSE:CPAY) Shares Sold by Xponance Inc.

Xponance Inc. decreased its position in Corpay, Inc. (NYSE:CPAY) by 7.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,467 shares of the company’s stock after selling 1,237 shares during the period. Xponance Inc.’s holdings in Corpay were worth $5,234,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CPAY. Raymond James Financial Inc. acquired a new stake in Corpay in the fourth quarter valued at $134,950,000. Boston Partners grew its holdings in Corpay by 6.4% in the fourth quarter. Boston Partners now owns 2,045,398 shares of the company’s stock valued at $694,847,000 after purchasing an additional 122,380 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Corpay by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock valued at $1,653,659,000 after acquiring an additional 120,578 shares during the last quarter. Prana Capital Management LP acquired a new stake in shares of Corpay during the third quarter valued at $31,541,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Corpay during the fourth quarter valued at $28,632,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on CPAY shares. Wells Fargo & Company increased their price objective on Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods increased their price objective on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Royal Bank of Canada increased their price objective on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. BMO Capital Markets increased their price objective on Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Wolfe Research upgraded Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price on the stock in a research report on Wednesday, January 8th. Three equities research 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. According to data from MarketBeat, Corpay presently has an average rating of “Moderate Buy” and a consensus price target of $399.71.

Corpay Stock Performance

Corpay stock opened at $352.52 on Thursday. The stock’s 50-day moving average is $364.64 and its 200-day moving average is $349.68. The company has a market cap of $24.76 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. Equities analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current year.

Insider Transactions at Corpay

In related news, Director Richard Macchia sold 2,427 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the sale, the director now directly owns 12,215 shares in the company, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 6.10% of the company’s stock.

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.