Corpay, Inc. (NYSE:CPAY) Stock Position Trimmed by Factorial Partners LLC

Factorial Partners LLC trimmed its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,200 shares of the company’s stock after selling 900 shares during the period. Corpay comprises approximately 3.0% of Factorial Partners LLC’s investment portfolio, making the stock its 6th largest holding. Factorial Partners LLC’s holdings in Corpay were worth $5,144,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Avion Wealth grew its holdings in Corpay by 1,011.1% during the fourth quarter. Avion Wealth now owns 100 shares of the company’s stock valued at $33,000 after purchasing an additional 91 shares during the period. Versant Capital Management Inc increased its holdings in Corpay by 130.4% in the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 60 shares during the last quarter. Huntington National Bank raised its stake in 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 acquiring an additional 40 shares during the period. Quarry LP purchased a new stake in Corpay during the third quarter valued at about $42,000. Finally, Spire Wealth Management bought a new position in Corpay during the fourth quarter worth about $42,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CPAY has been the topic of several research reports. Morgan Stanley boosted their price target on shares of Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Royal Bank of Canada increased 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. Citigroup began coverage on Corpay in a report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target for the company. BMO Capital Markets boosted their price objective on Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Raymond James cut their target price on Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Three 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $399.71.

Corpay Price Performance

CPAY stock opened at $366.99 on Friday. The firm has a 50 day simple moving average of $365.02 and a two-hundred day simple moving average of $345.30. The stock has a market cap of $25.58 billion, a PE ratio of 26.25, a P/E/G ratio of 1.32 and a beta of 1.28. Corpay, Inc. has a one year low of $247.10 and a one year high of $400.81. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing analysts’ consensus estimates 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 predict that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Insider Activity at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the completion of the sale, the director now directly owns 12,215 shares of the company’s stock, valued at $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 available at the SEC website. 6.10% of the stock is currently owned by insiders.

About Corpay

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.