Sequoia Financial Advisors LLC Has $435,000 Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Sequoia Financial Advisors LLC raised its holdings in Corpay, Inc. (NYSE:CPAY) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,390 shares of the company’s stock after buying an additional 70 shares during the period. Sequoia Financial Advisors LLC’s holdings in Corpay were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Corpay by 22.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company’s stock valued at $58,000 after purchasing an additional 34 shares in the last quarter. Suncoast Equity Management increased its holdings in Corpay by 3.7% during the third quarter. Suncoast Equity Management now owns 4,053 shares of the company’s stock worth $1,268,000 after buying an additional 145 shares during the last quarter. Violich Capital Management Inc. raised its holdings in shares of Corpay by 52.1% in the 3rd quarter. Violich Capital Management Inc. now owns 7,300 shares of the company’s stock worth $2,283,000 after purchasing an additional 2,500 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Corpay by 15.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,228 shares of the company’s stock valued at $6,327,000 after purchasing an additional 2,751 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in Corpay by 6.5% during the third quarter. First Citizens Bank & Trust Co. now owns 1,792 shares of the company’s stock valued at $560,000 after purchasing an additional 109 shares during the period. 98.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CPAY shares. Wells Fargo & Company increased their target price on shares of Corpay from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. boosted their target price on shares of Corpay from $327.00 to $353.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. William Blair upgraded Corpay to a “strong-buy” rating in a research report on Thursday, August 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $310.00 price target on shares of Corpay in a research report on Thursday, August 8th. Finally, BMO Capital Markets increased their price objective on Corpay from $350.00 to $390.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $353.33.

Corpay Price Performance

Shares of NYSE:CPAY opened at $340.72 on Monday. The company’s fifty day moving average is $318.41 and its 200 day moving average is $293.66. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74. Corpay, Inc. has a 52 week low of $220.39 and a 52 week high of $355.47. The stock has a market cap of $23.66 billion, a PE ratio of 24.76, a PEG ratio of 1.39 and a beta of 1.22.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.04. Corpay had a return on equity of 38.93% and a net margin of 26.41%. The company had revenue of $975.70 million during the quarter, compared to analyst estimates of $973.84 million. During the same quarter in the previous year, the company posted $3.85 EPS. Corpay’s revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts anticipate that Corpay, Inc. will post 17.83 earnings per share for the current 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.