Cresset Asset Management LLC Sells 2,813 Shares of Corpay, Inc. (NYSE:CPAY)

Cresset Asset Management LLC lowered its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 71.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,119 shares of the company's stock after selling 2,813 shares during the quarter. Cresset Asset Management LLC's holdings in Corpay were worth $379,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Avion Wealth lifted its holdings in Corpay by 1,011.1% in the fourth quarter. Avion Wealth now owns 100 shares of the company's stock worth $33,000 after buying an additional 91 shares during the period. Spire Wealth Management bought a new position in shares of Corpay in the 4th quarter worth approximately $42,000. Assetmark Inc. boosted its position in shares of Corpay by 93.8% during the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after purchasing an additional 60 shares in the last quarter. Synergy Asset Management LLC bought a new stake in shares of Corpay during the fourth quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC grew its stake in Corpay by 70.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock worth $45,000 after purchasing an additional 55 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CPAY shares. Keefe, Bruyette & Woods boosted their target price on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. UBS Group dropped their price objective on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Wells Fargo & Company decreased their target price on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Royal Bank of Canada boosted their price target on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Finally, Oppenheimer started coverage on Corpay in a research note on Monday, April 28th. They issued a "market perform" rating on the stock. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $395.07.

Corpay Stock Performance

Shares of CPAY stock traded down $5.44 during trading hours on Wednesday, reaching $335.40. The company had a trading volume of 59,940 shares, compared to its average volume of 485,749. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The business has a fifty day moving average price of $328.74 and a 200-day moving average price of $350.56. Corpay, Inc. has a one year low of $247.10 and a one year high of $400.81. The firm has a market cap of $23.64 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98.

Corpay (NYSE:CPAY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, topping analysts' consensus estimates of $4.50 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The firm's revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.10 EPS. Sell-side analysts predict that Corpay, Inc. will post 19.76 earnings per share 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.