Corpay, Inc. (NYSE:CPAY) Stake Trimmed by Graphene Investments SAS

Graphene Investments SAS lessened its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,200 shares of the company’s stock after selling 1,000 shares during the period. Corpay comprises approximately 2.2% of Graphene Investments SAS’s investment portfolio, making the stock its 9th biggest position. Graphene Investments SAS’s holdings in Corpay were worth $3,113,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in Corpay during the 3rd quarter valued at about $40,497,000. JPMorgan Chase & Co. raised its position in Corpay by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock valued at $1,653,659,000 after purchasing an additional 120,578 shares in the last quarter. Prana Capital Management LP bought a new position in shares of Corpay during the 3rd quarter worth $31,541,000. Swedbank AB lifted its stake in Corpay by 44.9% in the fourth quarter. Swedbank AB now owns 269,717 shares of the company’s stock worth $91,278,000 after acquiring an additional 83,600 shares during the period. Finally, FMR LLC raised its holdings in shares of Corpay by 3.0% in the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company’s stock valued at $842,215,000 after purchasing an additional 78,880 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Corpay Price Performance

NYSE CPAY opened at $389.35 on Friday. The company has a market cap of $27.14 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.30 and a beta of 1.28. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s fifty day moving average price is $361.54 and its 200 day moving average price is $335.21. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81.

Corpay (NYSE:CPAY) last announced its quarterly earnings data 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 net margin of 26.14% and a return on equity of 39.44%. As a group, equities research analysts forecast that Corpay, Inc. will post 17.84 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Joseph W. Farrelly sold 2,975 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 $3,950,645.40. This trade represents a 22.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This represents a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on CPAY. Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective on the stock in a report on Wednesday, January 8th. Raymond James decreased their price objective on Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods raised their price objective on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company boosted their target price on shares of Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Finally, Royal Bank of Canada lifted their price objective on shares of Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Thursday. Three equities research 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 currently has an average rating of “Moderate Buy” and a consensus 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.