Custom Index Systems LLC Boosts Stock Position in Corpay, Inc. (NYSE:CPAY)

Custom Index Systems LLC grew its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,367 shares of the company’s stock after acquiring an additional 38 shares during the period. Custom Index Systems LLC’s holdings in Corpay were worth $463,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Albion Financial Group UT bought a new stake in Corpay in the third quarter valued at about $27,000. Versant Capital Management Inc grew its position in shares of Corpay by 130.4% in 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. Huntington National Bank increased its holdings in shares of Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after acquiring an additional 40 shares during the last quarter. Quarry LP acquired a new stake in shares of Corpay during the 3rd quarter valued at approximately $42,000. Finally, Synergy Asset Management LLC bought a new position in Corpay during the fourth quarter worth $43,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Transactions at Corpay

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

Corpay Stock Down 1.8 %

Corpay stock opened at $380.55 on Friday. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $391.10. The stock has a market cap of $26.53 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.30 and a beta of 1.26. The company’s 50-day moving average price is $361.45 and its two-hundred day moving average price is $332.45. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Thursday, November 7th. The company reported $4.72 EPS for the quarter, beating analysts’ consensus estimates of $4.67 by $0.05. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Corpay had a net margin of 26.14% and a return on equity of 39.44%. During the same quarter last year, the business earned $4.20 earnings per share. On average, analysts expect that Corpay, Inc. will post 17.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CPAY has been the subject of several recent research reports. BMO Capital Markets boosted their target price on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Jefferies Financial Group boosted their price objective on shares of Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Barclays raised their target price on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Citigroup started coverage on Corpay in a report on Tuesday, January 14th. They set a “buy” rating and a $430.00 target price for the company. Finally, Keefe, Bruyette & Woods cut their price target on Corpay from $425.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $381.43.

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.