Factorial Partners LLC Sells 7,600 Shares of Corpay, Inc. (NYSE:CPAY)

Key Points

• Factorial Partners LLC has significantly decreased its stake in Corpay, Inc. by selling 7,600 shares, bringing its total ownership down to less than 8,000 shares valued at approximately $2.65 million.
• Institutional investors collectively hold 98.84% of Corpay's stock, indicating strong institutional backing and interest.
• Corpay recently reported a quarterly earnings per share of $4.51, exceeding estimates, and projects 19.76 EPS for the current fiscal year.

Factorial Partners LLC trimmed its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 50.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,600 shares of the company's stock after selling 7,600 shares during the period. Corpay makes up about 1.6% of Factorial Partners LLC's holdings, making the stock its 27th largest holding. Factorial Partners LLC's holdings in Corpay were worth $2,650,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of Corpay by 163.7% in the fourth quarter. Invesco Ltd. now owns 1,686,665 shares of the company's stock worth $570,801,000 after acquiring an additional 1,047,080 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Corpay by 20.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock worth $1,976,651,000 after acquiring an additional 1,000,699 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Corpay by 38,235.3% in the first quarter. GAMMA Investing LLC now owns 559,696 shares of the company's stock worth $195,177,000 after acquiring an additional 558,236 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Corpay by 4,811.9% in the first quarter. Bessemer Group Inc. now owns 557,252 shares of the company's stock worth $194,326,000 after acquiring an additional 545,907 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. acquired a new position in shares of Corpay in the fourth quarter worth $116,179,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Down 0.9%

Shares of CPAY stock traded down $2.77 during mid-day trading on Friday, reaching $301.73. 580,200 shares of the company were exchanged, compared to its average volume of 540,849. Corpay, Inc. has a fifty-two week low of $269.02 and a fifty-two week high of $400.81. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market capitalization of $21.27 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.16 and a beta of 0.96. The business's 50 day simple moving average is $329.21 and its 200 day simple moving average is $338.59.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.11 by $0.02. Corpay had a return on equity of 39.13% and a net margin of 25.17%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm posted $4.55 EPS. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. Research analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current year.

Analyst Ratings Changes

CPAY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Corpay in a research note on Thursday, July 17th. They issued a "buy" rating and a $390.00 price target for the company. Oppenheimer began coverage on shares of Corpay in a report on Monday, April 28th. They issued a "market perform" rating on the stock. Wall Street Zen upgraded shares of Corpay from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Barclays reduced their price objective on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Raymond James Financial reduced their price objective on shares of Corpay from $414.00 to $392.00 and set an "outperform" rating on the stock in a report on Thursday. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $397.93.

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.