Corpay, Inc. (NYSE:CPAY – Get Free Report) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,040,000 shares, an increase of 31.6% from the February 13th total of 1,550,000 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 474,100 shares, the short-interest ratio is currently 4.3 days.
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.
Institutional Investors Weigh In On Corpay
Institutional investors have recently made changes to their positions in the company. Swedbank AB lifted its holdings in shares of Corpay by 46.3% in the 3rd quarter. Swedbank AB now owns 186,117 shares of the company’s stock worth $58,210,000 after acquiring an additional 58,900 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Corpay by 66.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock worth $1,842,000 after acquiring an additional 2,355 shares during the last quarter. Retireful LLC bought a new stake in shares of Corpay in the 3rd quarter worth about $702,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Corpay in the 3rd quarter worth about $527,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Corpay by 17.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 23,732 shares of the company’s stock worth $8,067,000 after buying an additional 3,504 shares during the period. Institutional investors own 98.84% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Corpay
Corpay Price Performance
CPAY stock opened at $338.14 on Monday. Corpay has a 52 week low of $247.10 and a 52 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. The company has a fifty day simple moving average of $364.64 and a two-hundred day simple moving average of $349.17. The firm has a market capitalization of $23.75 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25.
Corpay (NYSE:CPAY – Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 EPS 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%. Analysts anticipate that Corpay will post 19.76 earnings per share for the current fiscal year.
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.
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