Kestra Investment Management LLC Increases Stake in Corpay, Inc. (NYSE:CPAY)

Kestra Investment Management LLC boosted its stake in Corpay, Inc. (NYSE:CPAY) by 23.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 841 shares of the company’s stock after buying an additional 162 shares during the period. Kestra Investment Management LLC’s holdings in Corpay were worth $285,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in shares of Corpay by 16.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock valued at $69,000 after purchasing an additional 29 shares during the period. Tealwood Asset Management Inc. raised its holdings in Corpay by 0.7% in the fourth quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company’s stock worth $1,420,000 after purchasing an additional 30 shares in the last quarter. Y.D. More Investments Ltd lifted its position in Corpay by 7.7% during the fourth quarter. Y.D. More Investments Ltd now owns 461 shares of the company’s stock valued at $156,000 after buying an additional 33 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Corpay by 22.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company’s stock valued at $58,000 after buying an additional 34 shares in the last quarter. Finally, Custom Index Systems LLC grew its position in shares of Corpay by 2.9% in the 4th quarter. Custom Index Systems LLC now owns 1,367 shares of the company’s stock worth $463,000 after buying an additional 38 shares during the period. 98.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is owned by corporate insiders.

Corpay Stock Down 2.2 %

CPAY opened at $378.20 on Thursday. The stock has a market capitalization of $26.36 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.35 and a beta of 1.28. The firm has a 50 day moving average price of $362.68 and a 200-day moving average price of $341.35. Corpay, Inc. has a twelve month low of $247.10 and a twelve month 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 released its quarterly earnings results 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 net margin of 25.25% and a return on equity of 41.46%. Equities research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CPAY. Raymond James lowered their price target on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Barclays boosted their price target on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Wells Fargo & Company lifted their price objective on Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Wolfe Research raised Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price on the stock in a research note on Wednesday, January 8th. Finally, Morgan Stanley lifted their price target on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.