Corpay, Inc. (NYSE:CPAY) Shares Sold by Maven Securities LTD

Maven Securities LTD cut its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 82.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 759 shares of the company's stock after selling 3,491 shares during the quarter. Maven Securities LTD's holdings in Corpay were worth $257,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Avion Wealth increased its position in shares of Corpay by 1,011.1% during the fourth quarter. Avion Wealth now owns 100 shares of the company's stock worth $33,000 after acquiring an additional 91 shares during the period. Colonial Trust Co SC increased its position in shares of Corpay by 120.5% during the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company's stock worth $33,000 after acquiring an additional 53 shares during the period. Spire Wealth Management purchased a new position in shares of Corpay during the fourth quarter worth approximately $42,000. Assetmark Inc. increased its position in shares of Corpay by 93.8% during the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after acquiring an additional 60 shares during the period. Finally, Synergy Asset Management LLC purchased a new position in shares of Corpay during the fourth quarter worth approximately $43,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay Stock Up 0.4%

CPAY traded up $1.43 during trading on Friday, hitting $348.64. The stock had a trading volume of 436,922 shares, compared to its average volume of 481,249. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The stock has a 50 day simple moving average of $328.21 and a two-hundred day simple moving average of $350.23. 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 company has a market capitalization of $24.49 billion, a PE ratio of 24.94, a PEG ratio of 1.32 and a beta of 0.98.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on CPAY shares. Morgan Stanley raised their target price on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on shares of Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. UBS Group cut their price objective on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Barclays cut 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. Five 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $395.07.

Corpay 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.