Chicago Partners Investment Group LLC Has $349,000 Holdings in Corpay, Inc. (NYSE:CPAY)

Chicago Partners Investment Group LLC trimmed its stake in Corpay, Inc. (NYSE:CPAY) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 977 shares of the company’s stock after selling 30 shares during the period. Chicago Partners Investment Group LLC’s holdings in Corpay were worth $349,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC grew its stake in Corpay by 16.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock worth $69,000 after buying an additional 29 shares during the last quarter. Tealwood Asset Management Inc. raised its position in Corpay by 0.7% in the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company’s stock valued at $1,420,000 after purchasing an additional 30 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Corpay by 22.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company’s stock worth $58,000 after purchasing an additional 34 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Corpay by 21.2% during the third quarter. Mather Group LLC. now owns 200 shares of the company’s stock worth $63,000 after purchasing an additional 35 shares during the last quarter. Finally, Custom Index Systems LLC increased its stake in shares of Corpay by 2.9% in the fourth quarter. Custom Index Systems LLC now owns 1,367 shares of the company’s stock valued at $463,000 after buying an additional 38 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CPAY. Citigroup assumed coverage on shares of Corpay in a research note on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target on the stock. 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 research report on Wednesday, January 8th. Bank of America raised their target price on shares of Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company raised their price objective on shares of Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Barclays increased their price target on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Three research 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $381.43.

Insider Transactions at Corpay

In related news, CAO Alissa B. Vickery sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the sale, the chief accounting officer now owns 1,797 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, 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 value of $1,116,160.50. Following the completion of the transaction, the director now owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Corpay Stock Down 0.0 %

Shares of CPAY stock opened at $379.58 on Wednesday. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $391.10. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The firm has a fifty day moving average of $361.43 and a 200-day moving average of $334.21. The company has a market capitalization of $26.46 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 1.30 and a beta of 1.28.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Thursday, November 7th. The company reported $4.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.67 by $0.05. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. Corpay had a return on equity of 39.44% and a net margin of 26.14%. During the same quarter last year, the business posted $4.20 EPS. As a group, equities research analysts predict that Corpay, Inc. will post 17.84 earnings per share for the current fiscal year.

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.