Corpay, Inc. (NYSE:CPAY) Shares Sold by Syon Capital LLC

Syon Capital LLC reduced its position in Corpay, Inc. (NYSE:CPAY) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 662 shares of the company’s stock after selling 40 shares during the period. Syon Capital LLC’s holdings in Corpay were worth $224,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Avion Wealth raised its stake in shares of Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company’s stock worth $33,000 after buying an additional 91 shares during the last quarter. Versant Capital Management Inc raised its position in Corpay by 130.4% during the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 60 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Corpay in the fourth quarter valued at about $42,000. Assetmark Inc. grew its position in shares of Corpay by 93.8% in the fourth quarter. Assetmark Inc. now owns 124 shares of the company’s stock valued at $42,000 after purchasing an additional 60 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Corpay during the 4th quarter worth approximately $43,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of the stock in a transaction on Monday, February 10th. The stock was 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 directly owns 12,215 shares in the company, valued at approximately $4,583,434.45. This represents a 16.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.10% of the company’s stock.

Corpay Stock Up 0.2 %

Shares of NYSE CPAY opened at $322.39 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $22.65 billion, a PE ratio of 23.06, a P/E/G ratio of 1.32 and a beta of 1.11. The firm has a fifty day moving average of $334.94 and a 200-day moving average of $351.31. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81.

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

Analyst Ratings Changes

A number of research firms recently issued reports on CPAY. Morgan Stanley upped their target price on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Wolfe Research raised Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective on the stock in a research note on Wednesday, January 8th. Barclays dropped their price objective on Corpay from $440.00 to $400.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Keefe, Bruyette & Woods raised their price target on shares of Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company lowered their price target on shares of Corpay from $375.00 to $339.00 and set an “equal weight” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $397.62.

Corpay Company 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.