Advisory Alpha LLC Sells 770 Shares of Corpay, Inc. (NYSE:CPAY)

Advisory Alpha LLC reduced its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 42.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,053 shares of the company's stock after selling 770 shares during the quarter. Advisory Alpha LLC's holdings in Corpay were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. 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 valued at $33,000 after acquiring an additional 91 shares during the period. Colonial Trust Co SC boosted its holdings in shares of Corpay by 120.5% in the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company's stock worth $33,000 after buying an additional 53 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Corpay in the fourth quarter worth approximately $42,000. Assetmark Inc. grew its position in Corpay by 93.8% during the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after buying an additional 60 shares during the period. Finally, Synergy Asset Management LLC purchased a new stake in Corpay during the fourth quarter valued at approximately $43,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay Price Performance

CPAY traded up $4.34 during trading on Tuesday, hitting $326.41. 405,084 shares of the company traded hands, compared to its average volume of 481,010. 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 company has a market cap of $23.01 billion, a PE ratio of 23.35, a P/E/G ratio of 1.32 and a beta of 0.98. The stock's 50-day simple moving average is $324.37 and its two-hundred day simple moving average is $348.60. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, beating analysts' consensus estimates of $4.50 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Corpay had a return on equity of 41.46% and a net margin of 25.25%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.10 earnings per share. As a group, sell-side analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CPAY shares. Morgan Stanley boosted their price objective on shares of Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Oppenheimer began coverage on Corpay in a research report on Monday, April 28th. They set a "market perform" rating on the stock. Royal Bank of Canada upped 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. Wells Fargo & Company decreased their price objective on Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. 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 company. Based on data from MarketBeat, Corpay presently has a consensus rating of "Moderate Buy" and a consensus price target of $395.07.

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.