Smartleaf Asset Management LLC Raises Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Smartleaf Asset Management LLC raised its position in shares of Corpay, Inc. (NYSE:CPAY) by 33.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 438 shares of the company’s stock after buying an additional 109 shares during the period. Smartleaf Asset Management LLC’s holdings in Corpay were worth $148,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Metis Global Partners LLC lifted its holdings in Corpay by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 2,277 shares of the company’s stock worth $771,000 after buying an additional 74 shares during the period. SVB Wealth LLC bought a new position in shares of Corpay during the fourth quarter valued at approximately $5,442,000. Dynasty Wealth Management LLC lifted its stake in Corpay by 27.4% in the fourth quarter. Dynasty Wealth Management LLC now owns 5,848 shares of the company’s stock worth $1,979,000 after acquiring an additional 1,259 shares during the period. Versor Investments LP purchased a new stake in Corpay in the fourth quarter worth $1,041,000. Finally, Proficio Capital Partners LLC bought a new stake in Corpay in the fourth quarter valued at $28,632,000. Institutional investors own 98.84% of the company’s stock.

Corpay Price Performance

Shares of NYSE:CPAY opened at $342.66 on Friday. The company has a market capitalization of $24.07 billion, a PE ratio of 24.51, a PEG ratio of 1.32 and a beta of 1.25. The business has a fifty day moving average price of $365.67 and a 200-day moving average price of $347.08. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $400.81. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share 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%. As a group, equities analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Raymond James decreased their price objective on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Wolfe Research raised 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. BMO Capital Markets lifted their price objective on Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Morgan Stanley upped their target price on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, Citigroup assumed coverage on Corpay in a research note on Tuesday, January 14th. They issued a “buy” rating and a $430.00 target price for the company. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $399.71.

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the sale, the director now directly owns 12,215 shares of the company’s stock, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.10% of the stock is owned by company insiders.

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.