Corpay, Inc. (NYSE:CPAY) Stake Lifted by Hancock Whitney Corp

Hancock Whitney Corp increased its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,918 shares of the company's stock after acquiring an additional 9,820 shares during the period. Hancock Whitney Corp owned about 0.07% of Corpay worth $16,555,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avion Wealth boosted 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 purchasing an additional 91 shares during the period. Versant Capital Management Inc raised its position in shares of Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 60 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of Corpay during the 4th quarter worth approximately $42,000. Assetmark Inc. lifted its position in Corpay by 93.8% in the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after acquiring an additional 60 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Corpay during the 4th quarter worth approximately $43,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay Stock Up 2.2 %

Shares of NYSE:CPAY traded up $7.10 during mid-day trading on Tuesday, hitting $323.96. 300,835 shares of the company traded hands, compared to its average volume of 482,874. The firm's 50 day simple moving average is $333.71 and its 200 day simple moving average is $351.26. The firm has a market cap of $22.76 billion, a P/E ratio of 23.20, a PEG ratio of 1.32 and a beta of 1.11. 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, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. On average, equities analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Insider Transactions at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $375.23, for a total value of $910,683.21. Following the completion of the sale, the director now directly owns 12,215 shares in the company, valued at approximately $4,583,434.45. The trade was a 16.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CPAY shares. Raymond James reduced their price objective on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target for the company in a research note on Wednesday, January 8th. Oppenheimer initiated coverage on shares of Corpay in a report on Monday. They issued a "market perform" rating for the company. Barclays dropped their price target on Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company lowered their target price 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. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Corpay has a consensus rating of "Moderate Buy" and an average target price of $397.62.

About Corpay

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.