Lecap Asset Management Ltd. Has $1.30 Million Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Lecap Asset Management Ltd. lowered its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 55.5% in the 4th quarter, HoldingsChannel reports. The firm owned 3,841 shares of the company’s stock after selling 4,790 shares during the period. Lecap Asset Management Ltd.’s holdings in Corpay were worth $1,300,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CPAY. Sanctuary Advisors LLC bought a new position in shares of Corpay during the 2nd quarter worth approximately $515,000. Park Avenue Securities LLC acquired a new position in shares of Corpay during the 3rd quarter valued at $454,000. Czech National Bank boosted its stake in Corpay by 5.6% during the third quarter. Czech National Bank now owns 14,144 shares of the company’s stock worth $4,424,000 after acquiring an additional 753 shares in the last quarter. Mather Group LLC. grew its holdings in Corpay by 21.2% in the third quarter. Mather Group LLC. now owns 200 shares of the company’s stock worth $63,000 after purchasing an additional 35 shares during the period. Finally, CWM LLC increased its stake in Corpay by 4.2% in the third quarter. CWM LLC now owns 1,665 shares of the company’s stock valued at $521,000 after purchasing an additional 67 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Corpay

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction dated 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 directly owns 1,797 shares in the company, valued at $664,961.88. The trade was a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,950,645.40. The trade was 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.

Corpay Stock Down 3.6 %

Corpay stock opened at $375.53 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 1.69, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50-day simple moving average is $361.72 and its 200 day simple moving average is $335.59. The stock has a market cap of $26.18 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 1.30 and a beta of 1.28.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41). Corpay had a return on equity of 39.44% and a net margin of 26.14%. Research analysts predict that Corpay, Inc. will post 17.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Morgan Stanley raised their price objective on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday. Wells Fargo & Company boosted their price objective on Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Raymond James cut their target price on Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Citigroup assumed coverage on shares of Corpay in a research note on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target for the company. Three investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $399.71.

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.