Corpay, Inc. (NYSE:CPAY) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its holdings in Corpay, Inc. (NYSE:CPAY) by 70.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133 shares of the company’s stock after acquiring an additional 55 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Corpay were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Swedbank AB lifted its holdings in Corpay by 46.3% in the 3rd quarter. Swedbank AB now owns 186,117 shares of the company’s stock valued at $58,210,000 after acquiring an additional 58,900 shares during the last quarter. Retireful LLC purchased a new stake in Corpay during the third quarter valued at about $702,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Corpay during the third quarter valued at about $527,000. Allspring Global Investments Holdings LLC lifted its stake in Corpay by 17.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 23,732 shares of the company’s stock valued at $8,067,000 after buying an additional 3,504 shares in the last quarter. Finally, Banco Santander S.A. purchased a new stake in Corpay during the third quarter valued at about $668,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on CPAY shares. Wells Fargo & Company upped their price objective on shares of Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Royal Bank of Canada upped their price objective on shares of Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Morgan Stanley upped their price objective on shares of Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Raymond James reduced their price objective on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Finally, BMO Capital Markets upped their target price on Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $399.71.

Corpay Trading Up 1.5 %

NYSE:CPAY opened at $352.52 on Thursday. The stock’s 50 day moving average price is $364.64 and its 200 day moving average price is $349.68. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $400.81. The company has a market capitalization of $24.76 billion, a P/E ratio of 25.22, a P/E/G ratio of 1.32 and a beta of 1.25. 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 released its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. On average, research analysts forecast that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Insider Buying and Selling

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 stock was 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 owns 12,215 shares of the company’s stock, valued at $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is currently owned by corporate insiders.

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.