Corpay, Inc. (NYSE:CPAY) Shares Purchased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC increased its stake in Corpay, Inc. (NYSE:CPAY) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,943 shares of the company’s stock after purchasing an additional 203 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Corpay were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Corpay by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock worth $1,653,659,000 after acquiring an additional 120,578 shares during the last quarter. FMR LLC raised its stake in shares of Corpay by 3.0% in the third quarter. FMR LLC now owns 2,692,847 shares of the company’s stock worth $842,215,000 after purchasing an additional 78,880 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Corpay by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,677,899 shares of the company’s stock worth $523,061,000 after purchasing an additional 23,275 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Corpay by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 458,477 shares of the company’s stock valued at $143,393,000 after buying an additional 1,749 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in Corpay by 2.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 357,397 shares of the company’s stock worth $111,779,000 after buying an additional 8,378 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Trading Down 0.2 %

CPAY stock opened at $378.88 on Wednesday. The business’s 50-day moving average is $360.76 and its 200 day moving average is $331.07. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $385.30. The stock has a market cap of $26.41 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 1.26 and a beta of 1.26. 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 issued its quarterly earnings results on Thursday, November 7th. The company reported $4.72 EPS for the quarter, topping the consensus estimate of $4.67 by $0.05. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Corpay had a return on equity of 39.44% and a net margin of 26.14%. During the same period in the previous year, the business earned $4.20 earnings per share. On average, sell-side analysts anticipate that Corpay, Inc. will post 17.84 EPS for the current fiscal year.

Insider Transactions at Corpay

In related news, CAO Alissa B. Vickery sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total value of $2,960,320.00. Following the completion of the sale, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph W. Farrelly sold 2,975 shares of the business’s stock in a transaction on 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 directly owns 10,530 shares in the company, valued at $3,950,645.40. This trade represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Corpay from $425.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Citigroup assumed coverage on shares of Corpay in a report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target on the stock. Wells Fargo & Company lifted 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. 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 report on Wednesday, January 8th. Finally, Bank of America boosted their price target on Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $381.43.

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.