Corpay, Inc. (NYSE:CPAY) Shares Acquired by Y.D. More Investments Ltd

Y.D. More Investments Ltd increased its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 461 shares of the company’s stock after acquiring an additional 33 shares during the quarter. Y.D. More Investments Ltd’s holdings in Corpay were worth $156,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CPAY. One Wealth Advisors LLC bought a new stake in Corpay in the fourth quarter valued at $276,000. Spire Wealth Management acquired a new stake in shares of Corpay in the 4th quarter worth about $42,000. Journey Strategic Wealth LLC bought a new stake in Corpay in the 4th quarter valued at about $499,000. Capital Insight Partners LLC boosted its stake in Corpay by 7.0% during the 4th quarter. Capital Insight Partners LLC now owns 2,508 shares of the company’s stock valued at $849,000 after purchasing an additional 165 shares during the period. Finally, Custom Index Systems LLC grew its position in Corpay by 2.9% in the 4th quarter. Custom Index Systems LLC now owns 1,367 shares of the company’s stock worth $463,000 after purchasing an additional 38 shares during the last quarter. 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 the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total value of $1,116,160.50. Following the transaction, the director now owns 10,530 shares in the company, valued at $3,950,645.40. This represents a 22.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 of the company’s stock, valued at approximately $664,961.88. This represents a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Corpay Trading Up 2.4 %

Shares of NYSE:CPAY opened at $388.76 on Thursday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $27.10 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 1.30 and a beta of 1.28. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $391.10. The company has a 50 day moving average price of $361.38 and a 200 day moving average price of $334.84.

Corpay (NYSE:CPAY) last issued its 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 return on equity of 39.44% and a net margin of 26.14%. On average, research analysts anticipate that Corpay, Inc. will post 17.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CPAY shares. Wolfe Research raised Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target on the stock in a report on Wednesday, January 8th. Bank of America lifted their target price on Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company increased their price target on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods cut their price objective on shares of Corpay from $425.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Finally, Barclays increased their target price on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Corpay has an average rating of “Moderate Buy” and an average target price of $381.43.

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.