Corpay, Inc. (NYSE:CPAY) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its position in shares of Corpay, Inc. (NYSE:CPAY) by 29.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,151 shares of the company’s stock after purchasing an additional 264 shares during the quarter. Venturi Wealth Management LLC’s holdings in Corpay were worth $390,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its holdings in shares of Corpay by 16.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock valued at $69,000 after acquiring an additional 29 shares during the last quarter. Tealwood Asset Management Inc. increased its stake in Corpay by 0.7% during the fourth 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. Y.D. More Investments Ltd increased its stake in Corpay by 7.7% during the fourth quarter. Y.D. More Investments Ltd now owns 461 shares of the company’s stock valued at $156,000 after purchasing an additional 33 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Corpay by 22.7% during 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 during the period. Finally, Custom Index Systems LLC lifted its position in shares of Corpay by 2.9% in the 4th quarter. Custom Index Systems LLC now owns 1,367 shares of the company’s stock worth $463,000 after buying an additional 38 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Transactions at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the completion of the sale, the director now owns 12,215 shares in the company, valued at approximately $4,583,434.45. This represents a 16.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Morgan Stanley upped their target price on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Barclays raised their price target on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. BMO Capital Markets raised their target price on Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Citigroup began coverage on shares of Corpay in a research report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target for the company. Three investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.71.

Corpay Stock Performance

Shares of NYSE CPAY opened at $368.47 on Friday. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81. The firm has a market cap of $25.69 billion, a P/E ratio of 26.36, a PEG ratio of 1.38 and a beta of 1.28. The stock has a fifty day moving average price of $362.83 and a two-hundred day moving average price of $341.54. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. Research analysts forecast that Corpay, Inc. will post 19.76 EPS for the current fiscal 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.