Ceera Investments LLC Reduces Stake in Corpay, Inc $CPAY

Ceera Investments LLC trimmed its position in Corpay, Inc (NYSE:CPAY) by 12.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,778 shares of the corporate payments company’s stock after selling 2,296 shares during the period. Corpay accounts for 2.0% of Ceera Investments LLC’s portfolio, making the stock its 10th biggest position. Ceera Investments LLC’s holdings in Corpay were worth $4,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new stake in shares of Corpay in the 4th quarter worth about $25,000. Leonteq Securities AG purchased a new stake in Corpay in the fourth quarter worth about $27,000. BOKF NA increased its stake in shares of Corpay by 4,700.0% during the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after purchasing an additional 94 shares in the last quarter. Torren Management LLC purchased a new position in shares of Corpay during the fourth quarter valued at approximately $29,000. Finally, DV Equities LLC purchased a new stake in shares of Corpay in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling at Corpay

In other Corpay news, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the completion of the sale, the insider directly owned 11,274 shares in the company, valued at $3,969,913.62. The trade was a 86.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total transaction of $360,780.00. Following the completion of the transaction, the director directly owned 28,241 shares in the company, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 88,677 shares of company stock valued at $31,304,091 in the last ninety days. 5.19% of the stock is currently owned by corporate insiders.

Corpay Stock Down 1.6%

Shares of Corpay stock opened at $365.94 on Friday. Corpay, Inc has a twelve month low of $252.84 and a twelve month high of $374.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. The company’s 50 day moving average is $349.20 and its 200 day moving average is $332.02. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.02 and a beta of 0.88.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. The company had revenue of $5.63 million during the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. Research analysts anticipate that Corpay, Inc will post 25.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $400.00 price objective on shares of Corpay in a research note on Sunday, May 10th. Oppenheimer restated an “outperform” rating and set a $388.00 price target on shares of Corpay in a report on Friday, May 8th. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Loop Capital started coverage on shares of Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 price target on the stock. Finally, Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Corpay currently has an average rating of “Moderate Buy” and a consensus price target of $382.54.

About Corpay

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.