Steward Partners Investment Advisory LLC Sells 121 Shares of Corpay, Inc. (NYSE:CPAY)

Steward Partners Investment Advisory LLC lessened its position in shares of Corpay, Inc. (NYSE:CPAY) by 11.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 905 shares of the company’s stock after selling 121 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Corpay were worth $306,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Exchange Traded Concepts LLC grew its holdings in shares of Corpay by 16.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock valued at $69,000 after buying an additional 29 shares during the last quarter. Tealwood Asset Management Inc. raised its position in shares of Corpay by 0.7% in the fourth quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company’s stock valued at $1,420,000 after purchasing an additional 30 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Corpay by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company’s stock worth $2,018,000 after acquiring an additional 30 shares during the period. IFP Advisors Inc grew its stake in Corpay by 2.7% in the 4th quarter. IFP Advisors Inc now owns 1,151 shares of the company’s stock worth $390,000 after buying an additional 30 shares in the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in Corpay by 3.5% in the 4th quarter. Lake Street Advisors Group LLC now owns 939 shares of the company’s stock worth $318,000 after buying an additional 32 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Trading Down 1.7 %

Shares of CPAY stock opened at $328.18 on Friday. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two 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. The stock’s fifty day moving average is $364.71 and its two-hundred day moving average is $348.28. The firm has a market capitalization of $23.05 billion, a P/E ratio of 23.47, a PEG ratio of 1.32 and a beta of 1.25.

Corpay (NYSE:CPAY) last announced 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%. Research analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $375.23, for a total value of $910,683.21. Following the transaction, the director now directly owns 12,215 shares in the company, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CPAY. 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. Citigroup assumed coverage on shares of Corpay in a research note on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target for the company. Raymond James cut their price objective on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada raised their price target on shares of Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets raised their price objective on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Three investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.