1,254 Shares in Corpay, Inc. (NYSE:CPAY) Acquired by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC acquired a new stake in Corpay, Inc. (NYSE:CPAY) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,254 shares of the company’s stock, valued at approximately $424,000.

A number of other institutional investors have also recently modified their holdings of the stock. Avion Wealth increased its position in shares of Corpay by 1,011.1% in the fourth quarter. Avion Wealth now owns 100 shares of the company’s stock worth $33,000 after purchasing an additional 91 shares during the period. Versant Capital Management Inc increased its holdings in Corpay by 130.4% in the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 60 shares during the period. Quarry LP acquired a new position in shares of Corpay in the 3rd quarter valued at approximately $42,000. Spire Wealth Management bought a new stake in shares of Corpay during the 4th quarter worth approximately $42,000. Finally, Assetmark Inc. lifted its holdings in shares of Corpay by 93.8% during the 4th quarter. Assetmark Inc. now owns 124 shares of the company’s stock worth $42,000 after acquiring an additional 60 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Corpay Trading Down 0.4 %

Shares of NYSE CPAY opened at $355.94 on Friday. The firm has a 50 day moving average price of $364.23 and a two-hundred day moving average price of $351.29. The stock has a market cap of $25.00 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00.

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 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%. As a group, equities analysts forecast that Corpay, Inc. will post 19.76 EPS for the current year.

Insider Transactions at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $375.23, for a total transaction of $910,683.21. Following the completion of the sale, the director now directly owns 12,215 shares in the company, valued at $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CPAY. BMO Capital Markets lifted their price objective 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. Raymond James decreased their price target on Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Morgan Stanley upped their price objective on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Wolfe Research upgraded Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their target price on shares of Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Corpay has a consensus rating of “Moderate Buy” and a consensus target price of $399.71.

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.