Corpay, Inc. (NYSE:CPAY) Stock Holdings Increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 70.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,989 shares of the company’s stock after acquiring an additional 2,059 shares during the period. Crossmark Global Holdings Inc.’s holdings in Corpay were worth $1,689,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Albion Financial Group UT acquired a new position in shares of Corpay in the 3rd quarter worth approximately $27,000. Versant Capital Management Inc grew its stake in shares of Corpay by 130.4% in the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 60 shares during the last quarter. Huntington National Bank grew its stake in shares of Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after purchasing an additional 40 shares during the last quarter. Quarry LP acquired a new position in shares of Corpay in the 3rd quarter worth approximately $42,000. Finally, Continuum Advisory LLC grew its stake in shares of Corpay by 47.9% in the 3rd quarter. Continuum Advisory LLC now owns 142 shares of the company’s stock worth $44,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling at Corpay

In other news, CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total value of $2,960,320.00. Following the transaction, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the completion of the transaction, the director now directly owns 10,530 shares in the company, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CPAY. Morgan Stanley lifted their price objective on shares of Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Bank of America raised their target price on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wolfe Research upgraded shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price for the company in a report on Wednesday, January 8th. Wells Fargo & Company raised 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. Finally, Barclays raised their target price on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $381.43.

Corpay Stock Performance

CPAY stock opened at $377.53 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $26.32 billion, a P/E ratio of 26.93, a P/E/G ratio of 1.26 and a beta of 1.26. The firm has a 50 day simple moving average of $360.00 and a 200 day simple moving average of $328.47. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $385.30.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, November 7th. The company reported $4.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.67 by $0.05. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Corpay had a net margin of 26.14% and a return on equity of 39.44%. During the same period in the previous year, the company earned $4.20 earnings per share. Research analysts anticipate that Corpay, Inc. will post 17.84 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.