Corpay, Inc $CPAY Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its position in Corpay, Inc (NYSE:CPAY) by 241.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,300 shares of the corporate payments company’s stock after buying an additional 5,159 shares during the period. Jefferies Financial Group Inc.’s holdings in Corpay were worth $2,837,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CPAY. Machina Capital S.A.S. acquired a new stake in shares of Corpay during the third quarter worth about $2,489,000. Knights of Columbus Asset Advisors LLC bought a new position in shares of Corpay during the 3rd quarter valued at about $5,349,000. Lido Advisors LLC lifted its holdings in shares of Corpay by 67.1% during the 3rd quarter. Lido Advisors LLC now owns 2,452 shares of the corporate payments company’s stock valued at $953,000 after purchasing an additional 985 shares in the last quarter. Keybank National Association OH lifted its holdings in shares of Corpay by 111.6% during the 3rd quarter. Keybank National Association OH now owns 2,436 shares of the corporate payments company’s stock valued at $904,000 after purchasing an additional 1,285 shares in the last quarter. Finally, New York Life Investment Management LLC grew its position in shares of Corpay by 49.7% in the 3rd quarter. New York Life Investment Management LLC now owns 14,644 shares of the corporate payments company’s stock valued at $5,517,000 after purchasing an additional 4,863 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Trading Down 1.4%

Corpay stock opened at $455.35 on Friday. The firm has a 50-day moving average of $409.04 and a 200-day moving average of $362.46. Corpay, Inc has a one year low of $271.22 and a one year high of $479.53. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $29.13 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 1.05 and a beta of 0.94.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.20 by $0.34. Corpay had a return on equity of 46.94% and a net margin of 23.73%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the business earned $5.70 earnings per share. Corpay’s quarterly revenue was up 17.9% on a year-over-year basis. On average, equities analysts expect that Corpay, Inc will post 26.52 earnings per share for the current fiscal year.

Insider Activity at Corpay

In other news, Director Steven T. Stull sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $410.66, for a total value of $1,642,640.00. Following the completion of the sale, the director owned 23,598 shares of the company’s stock, valued at approximately $9,690,754.68. This represents a 14.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ronald Clarke sold 119,486 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the completion of the transaction, the chief executive officer directly owned 2,354,330 shares of the company’s stock, valued at $970,925,692. This represents a 4.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 220,860 shares of company stock worth $91,395,514 in the last ninety days. Insiders own 5.19% of the company’s stock.

Analysts Set New Price Targets

CPAY has been the subject of a number of research reports. Robert W. Baird set a $475.00 target price on Corpay in a research note on Thursday, August 6th. Scotiabank lifted their price target on shares of Corpay from $536.00 to $539.00 and gave the company a “sector outperform” rating in a research note on Thursday, November 5th. Morgan Stanley lifted their price target on shares of Corpay from $455.00 to $460.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Wall Street Zen cut shares of Corpay from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Wolfe Research increased their price objective on shares of Corpay from $475.00 to $530.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $474.38.

Corpay Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently. The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.