Corpay, Inc. (NYSE:CPAY) Shares Sold by Maven Securities LTD

Maven Securities LTD lessened its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 82.1% in the fourth quarter, Holdings Channel reports. The firm owned 759 shares of the company’s stock after selling 3,491 shares during the period. Maven Securities LTD’s holdings in Corpay were worth $257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPAY. Avion Wealth boosted its holdings in Corpay by 1,011.1% in the 4th quarter. Avion Wealth now owns 100 shares of the company’s stock worth $33,000 after acquiring an additional 91 shares during the period. Colonial Trust Co SC boosted its holdings in Corpay by 120.5% in the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company’s stock worth $33,000 after acquiring an additional 53 shares during the period. Spire Wealth Management purchased a new position in Corpay in the 4th quarter worth approximately $42,000. Assetmark Inc. boosted its holdings in Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company’s stock worth $42,000 after acquiring an additional 60 shares during the period. Finally, Synergy Asset Management LLC purchased a new position in Corpay in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Performance

Corpay stock opened at $354.14 on Wednesday. The stock has a market cap of $24.88 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average of $326.92 and a 200-day moving average of $350.03. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $400.81.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.50 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Corpay had a return on equity of 41.46% and a net margin of 25.25%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.10 EPS. On average, analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Analyst Ratings Changes

CPAY has been the subject of a number of analyst reports. Barclays decreased their price target on Corpay from $440.00 to $400.00 and set an “overweight” rating for the company in a report on Monday, April 14th. UBS Group decreased their price target on Corpay from $400.00 to $365.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Wells Fargo & Company decreased their price target on Corpay from $375.00 to $339.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Royal Bank of Canada increased their target price on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Finally, Citigroup initiated coverage on Corpay in a research note on Tuesday, January 14th. They set a “buy” rating and a $430.00 target price for the company. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $395.07.

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.