Corpay, Inc. (NYSE:CPAY) Shares Acquired by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC increased its stake in shares of Corpay, Inc. (NYSE:CPAY) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,848 shares of the company’s stock after buying an additional 1,259 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Corpay were worth $1,979,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Allworth Financial LP lifted its position in shares of Corpay by 246.1% during the 3rd quarter. Allworth Financial LP now owns 443 shares of the company’s stock valued at $139,000 after buying an additional 315 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Corpay by 36.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,580 shares of the company’s stock valued at $1,425,000 after purchasing an additional 1,225 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Corpay by 43.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,934 shares of the company’s stock valued at $918,000 after buying an additional 888 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Corpay by 44.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 33,457 shares of the company’s stock valued at $10,351,000 after purchasing an additional 10,219 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Corpay by 7.3% during the third quarter. Nisa Investment Advisors LLC now owns 2,355 shares of the company’s stock valued at $737,000 after acquiring an additional 160 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Corpay Price Performance

NYSE:CPAY opened at $364.17 on Friday. The firm has a market cap of $25.39 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81. The company’s 50-day moving average price is $364.55 and its two-hundred day moving average price is $344.69. 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) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share 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%. On average, equities analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CPAY has been the topic of several recent research reports. Citigroup started coverage on Corpay in a report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target on the stock. Keefe, Bruyette & Woods boosted their target price on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. BMO Capital Markets increased their price objective on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Royal Bank of Canada upped their target price on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Finally, Wolfe Research raised Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price on the stock in a research note on Wednesday, January 8th. 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.com, Corpay presently has a consensus rating of “Moderate Buy” and a consensus price target 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.