Corpay, Inc. (NYSE:CPAY) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC reduced its holdings in Corpay, Inc. (NYSE:CPAY) by 14.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,533 shares of the company’s stock after selling 34,560 shares during the quarter. Corpay accounts for 1.1% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 26th largest position. Thompson Siegel & Walmsley LLC owned about 0.30% of Corpay worth $71,249,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CPAY. Achmea Investment Management B.V. boosted its stake in shares of Corpay by 6.0% during the 4th quarter. Achmea Investment Management B.V. now owns 5,370 shares of the company’s stock worth $1,817,000 after acquiring an additional 302 shares in the last quarter. Knuff & Co LLC bought a new stake in shares of Corpay during the 4th quarter worth $54,000. EverSource Wealth Advisors LLC boosted its stake in shares of Corpay by 70.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company’s stock worth $45,000 after acquiring an additional 55 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Corpay by 9.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,524 shares of the company’s stock worth $516,000 after acquiring an additional 134 shares in the last quarter. Finally, Vista Investment Partners II LLC bought a new stake in shares of Corpay during the 4th quarter worth $891,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Corpay

In other news, Director Richard Macchia sold 2,427 shares of Corpay 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 approximately $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.10% of the stock is currently owned by corporate insiders.

Corpay Price Performance

NYSE CPAY opened at $334.40 on Thursday. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The stock’s 50-day moving average is $364.94 and its two-hundred day moving average is $348.42. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The firm has a market cap of $23.49 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25.

Corpay (NYSE:CPAY) last posted its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. On average, analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPAY. Morgan Stanley raised their price objective on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. 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. Royal Bank of Canada raised their target price on Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Wells Fargo & Company raised their target price on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Finally, Citigroup started coverage on Corpay in a research report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 target price for the company. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $399.71.

Corpay Company 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.