Corpay, Inc. (NYSE:CPAY) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its stake in Corpay, Inc. (NYSE:CPAY) by 70.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133 shares of the company’s stock after acquiring an additional 55 shares during the period. EverSource Wealth Advisors LLC’s holdings in Corpay were worth $45,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC raised its holdings in Corpay by 9.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,524 shares of the company’s stock valued at $516,000 after acquiring an additional 134 shares in the last quarter. Vista Investment Partners II LLC acquired a new stake in Corpay in the fourth quarter valued at $891,000. Daiwa Securities Group Inc. raised its holdings in Corpay by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,984 shares of the company’s stock valued at $3,040,000 after acquiring an additional 641 shares in the last quarter. Moran Wealth Management LLC raised its holdings in Corpay by 4.6% in the fourth quarter. Moran Wealth Management LLC now owns 14,619 shares of the company’s stock valued at $4,947,000 after acquiring an additional 647 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Corpay by 12.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,260 shares of the company’s stock valued at $4,826,000 after acquiring an additional 1,591 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of the company’s stock in a transaction dated 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 sale, the director now owns 12,215 shares of the company’s stock, valued at $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 6.10% of the company’s stock.

Corpay Stock Performance

CPAY stock opened at $352.52 on Thursday. The company has a market capitalization of $24.76 billion, a P/E ratio of 25.22, a PEG ratio of 1.32 and a beta of 1.25. The company has a 50-day simple moving average of $364.64 and a 200 day simple moving average of $349.68. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. 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 data 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 return on equity of 41.46% and a net margin of 25.25%. Sell-side analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on CPAY shares. Wells Fargo & Company upped their price target 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. Royal Bank of Canada boosted their target price on shares of Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Wolfe Research upgraded shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price for the company in a research note on Wednesday, January 8th. BMO Capital Markets boosted their target price on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Citigroup began coverage on shares of Corpay in a research note on Tuesday, January 14th. They set a “buy” rating and a $430.00 target price for the company. 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. According to data from MarketBeat.com, Corpay has an average rating of “Moderate Buy” and an average target price of $399.71.

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.