Vista Investment Partners LLC Buys 149 Shares of Corpay, Inc. (NYSE:CPAY)

Vista Investment Partners LLC grew its stake in Corpay, Inc. (NYSE:CPAY) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,975 shares of the company’s stock after acquiring an additional 149 shares during the period. Vista Investment Partners LLC’s holdings in Corpay were worth $2,022,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CPAY. Swedbank AB raised its stake in shares of Corpay by 46.3% during the third quarter. Swedbank AB now owns 186,117 shares of the company’s stock valued at $58,210,000 after acquiring an additional 58,900 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Corpay by 66.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock worth $1,842,000 after purchasing an additional 2,355 shares during the period. Retireful LLC bought a new stake in Corpay during the 3rd quarter valued at $702,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Corpay in the 3rd quarter worth $527,000. Finally, Banco Santander S.A. bought a new position in shares of Corpay during the 3rd quarter worth $668,000. 98.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wolfe Research upgraded Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective for the company in a report on Wednesday, January 8th. BMO Capital Markets upped their price target on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Citigroup started coverage on shares of Corpay in a research note on Tuesday, January 14th. They set a “buy” rating and a $430.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Finally, Jefferies Financial Group increased their target price on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.43.

Corpay Price Performance

Shares of NYSE CPAY opened at $378.90 on Friday. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $385.30. The company has a market cap of $26.41 billion, a PE ratio of 27.03, a P/E/G ratio of 1.26 and a beta of 1.26. 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 business has a 50-day simple moving average of $360.45 and a two-hundred day simple moving average of $329.55.

Corpay (NYSE:CPAY) last released its earnings results on Thursday, November 7th. The company reported $4.72 EPS for the quarter, topping analysts’ consensus estimates of $4.67 by $0.05. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Corpay had a net margin of 26.14% and a return on equity of 39.44%. During the same period last year, the business earned $4.20 EPS. As a group, equities analysts expect that Corpay, Inc. will post 17.84 EPS for the current fiscal year.

Insider Activity

In other news, CAO Alissa B. Vickery sold 8,000 shares of the stock in a transaction on 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 sale, the chief accounting officer now owns 1,797 shares in the company, valued at $664,961.88. This represents 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 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 transaction, the director now directly owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. This trade represents 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 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.