Avion Wealth Buys 91 Shares of Corpay, Inc. (NYSE:CPAY)

Avion Wealth lifted its stake in shares of Corpay, Inc. (NYSE:CPAY) by 1,011.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 100 shares of the company’s stock after purchasing an additional 91 shares during the quarter. Avion Wealth’s holdings in Corpay were worth $33,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CPAY. Sanctuary Advisors LLC bought a new stake in Corpay during the 2nd quarter worth approximately $515,000. CWM LLC grew its position in shares of Corpay by 4.2% during the 3rd quarter. CWM LLC now owns 1,665 shares of the company’s stock valued at $521,000 after purchasing an additional 67 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Corpay during the 3rd quarter valued at $55,000. Creative Planning increased its holdings in shares of Corpay by 26.4% in the third quarter. Creative Planning now owns 6,247 shares of the company’s stock worth $1,954,000 after purchasing an additional 1,305 shares during the period. Finally, Swedbank AB raised its position in shares of Corpay by 46.3% in the third quarter. Swedbank AB now owns 186,117 shares of the company’s stock worth $58,210,000 after buying an additional 58,900 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CPAY. Morgan Stanley boosted their target price on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Citigroup began coverage on Corpay in a report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price objective for the company. Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price on the stock in a research note on Wednesday, January 8th. Raymond James cut their price target on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Finally, Jefferies Financial Group raised their price objective on shares of 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. Based on data from MarketBeat, Corpay currently has an average rating of “Moderate Buy” and an average price target of $399.71.

Insider Activity at Corpay

In related news, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was 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 directly owns 1,797 shares of the company’s stock, valued at $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Macchia sold 2,427 shares of the company’s stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

Corpay Stock Down 0.5 %

CPAY opened at $367.50 on Thursday. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81. 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 business’s 50-day moving average price is $361.34 and its 200-day moving average price is $338.04. The company has a market cap of $25.62 billion, a P/E ratio of 26.29, a P/E/G ratio of 1.33 and a beta of 1.28.

Corpay (NYSE:CPAY) last announced its quarterly 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 return on equity of 41.46% and a net margin of 25.25%. On average, equities analysts expect that Corpay, Inc. will post 20.62 EPS for the current year.

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.