Mediolanum International Funds Ltd Sells 243 Shares of Corpay, Inc. (NYSE:CPAY)

Mediolanum International Funds Ltd decreased its holdings in Corpay, Inc. (NYSE:CPAY) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,839 shares of the company’s stock after selling 243 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Corpay were worth $32,273,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CPAY. Exchange Traded Concepts LLC increased its stake in shares of Corpay by 16.6% in the 4th 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 period. Tealwood Asset Management Inc. increased its stake in shares of Corpay by 0.7% in the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company’s stock valued at $1,420,000 after buying an additional 30 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Corpay by 22.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company’s stock valued at $58,000 after buying an additional 34 shares during the period. Mather Group LLC. increased its stake in shares of Corpay by 21.2% in the 3rd quarter. Mather Group LLC. now owns 200 shares of the company’s stock valued at $63,000 after buying an additional 35 shares during the period. Finally, Huntington National Bank increased 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 valued at $42,000 after buying an additional 40 shares during the period. Institutional investors own 98.84% of the company’s stock.

Corpay Stock Performance

Shares of Corpay stock opened at $387.18 on Friday. The firm has a market cap of $26.99 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 1.26 and a beta of 1.26. The stock’s 50-day moving average is $361.21 and its 200-day moving average is $332.07. Corpay, Inc. has a one year low of $247.10 and a one year high of $391.10. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup assumed coverage on Corpay in a research note on Tuesday, January 14th. They issued a “buy” rating and a $430.00 target price for the company. Wells Fargo & Company lifted their price objective on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. BMO Capital Markets lifted their price objective on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Barclays lifted their price objective on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Finally, Wolfe Research raised Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective for the company in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $381.43.

Insider Activity

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

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.