Corpay, Inc. (NYSE:CPAY) Stock Holdings Lessened by Factorial Partners LLC

Factorial Partners LLC reduced its position in shares of Corpay, Inc. (NYSE:CPAY) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,200 shares of the company’s stock after selling 900 shares during the period. Corpay accounts for approximately 3.0% of Factorial Partners LLC’s portfolio, making the stock its 6th largest position. Factorial Partners LLC’s holdings in Corpay were worth $5,144,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CPAY. Avion Wealth lifted its position in shares of Corpay by 1,011.1% in the 4th quarter. Avion Wealth now owns 100 shares of the company’s stock worth $33,000 after purchasing an additional 91 shares during the period. Versant Capital Management Inc raised its stake in Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after buying an additional 60 shares in the last quarter. Spire Wealth Management bought a new position in Corpay in the fourth quarter worth about $42,000. Huntington National Bank grew its holdings in shares of Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after acquiring an additional 40 shares during the period. Finally, Quarry LP bought a new position in shares of Corpay in the 3rd quarter worth approximately $42,000. 98.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup began coverage on Corpay in a research report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley increased their price target on shares of Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their price objective on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Wolfe Research upgraded shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective on the stock in a report on Wednesday, January 8th. Three investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $399.71.

Insider Buying and Selling

In other news, Director Richard Macchia sold 2,427 shares of the business’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 transaction, the director now owns 12,215 shares of the company’s stock, valued at approximately $4,583,434.45. The trade was 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 this hyperlink. 6.10% of the stock is currently owned by company insiders.

Corpay Stock Performance

CPAY opened at $366.99 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. The company has a market cap of $25.58 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.32 and a beta of 1.28. The company’s 50 day moving average is $365.02 and its 200 day moving average is $345.30.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. On average, equities research analysts predict that Corpay, Inc. will post 19.76 EPS for the current year.

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.