Coldstream Capital Management Inc. Has $370,000 Position in Corpay, Inc. (NYSE:CPAY)

Coldstream Capital Management Inc. cut its position in shares of Corpay, Inc. (NYSE:CPAY) by 27.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,166 shares of the company’s stock after selling 449 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Corpay were worth $370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. increased its holdings in Corpay by 43.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,494 shares of the company’s stock valued at $1,197,000 after buying an additional 1,364 shares during the period. Blue Trust Inc. increased its stake in Corpay by 246.2% in the second quarter. Blue Trust Inc. now owns 135 shares of the company’s stock valued at $36,000 after acquiring an additional 96 shares during the period. Raymond James & Associates lifted its stake in Corpay by 5.0% during the second quarter. Raymond James & Associates now owns 67,271 shares of the company’s stock worth $17,922,000 after purchasing an additional 3,214 shares during the period. Neo Ivy Capital Management acquired a new stake in Corpay during the second quarter valued at approximately $800,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Corpay in the 2nd quarter valued at approximately $448,000. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CPAY shares. BMO Capital Markets raised their target price on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group lifted their price objective on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods upped their target price on shares of Corpay from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Morgan Stanley lifted their price target on shares of Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, Barclays upped their price objective on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.29.

Insider Activity at Corpay

In other news, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total value of $2,960,320.00. Following the transaction, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This trade represents a 81.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the sale, the director now owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by company insiders.

Corpay Stock Down 1.2 %

NYSE CPAY opened at $357.07 on Monday. The stock has a market capitalization of $24.89 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $385.30. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average of $356.18 and a 200-day moving average of $311.30.

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.