Corpay, Inc. (NYSE:CPAY) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lowered its stake in Corpay, Inc. (NYSE:CPAY) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 277 shares of the company’s stock after selling 45 shares during the quarter. Sentry Investment Management LLC’s holdings in Corpay were worth $94,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Avion Wealth grew its stake in Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company’s stock valued at $33,000 after purchasing an additional 91 shares in the last quarter. Versant Capital Management Inc grew its stake in Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 60 shares in the last quarter. Spire Wealth Management acquired a new stake in Corpay during the 4th quarter valued at approximately $42,000. Huntington National Bank grew its stake in Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after purchasing an additional 40 shares in the last quarter. Finally, Quarry LP acquired a new stake in Corpay during the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Trading Up 0.3 %

Shares of NYSE CPAY opened at $371.71 on Thursday. The company has a market cap of $25.91 billion, a price-to-earnings ratio of 26.59, 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 has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The stock’s 50 day simple moving average is $364.05 and its 200 day simple moving average is $344.55.

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

Analyst Upgrades and Downgrades

CPAY has been the subject of a number of recent analyst reports. Raymond James lowered their price objective on Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company lifted their target price on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Citigroup initiated coverage on Corpay in a research report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 target price for the company. Keefe, Bruyette & Woods lifted their target price on Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada lifted their target price on Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $399.71.

Insider Buying and Selling at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction on 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 owns 12,215 shares of the company’s stock, valued at $4,583,434.45. The trade was a 16.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.10% of the stock is owned by company insiders.

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.