Steph & Co. Grows Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Steph & Co. increased its stake in Corpay, Inc. (NYSE:CPAY) by 49.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 772 shares of the company’s stock after purchasing an additional 257 shares during the quarter. Steph & Co.’s holdings in Corpay were worth $261,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Albion Financial Group UT purchased a new position in shares of Corpay in the 3rd quarter worth $27,000. Versant Capital Management Inc lifted its holdings in Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 60 shares during the period. Huntington National Bank boosted its position in Corpay by 43.0% in the third quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after purchasing an additional 40 shares during the last quarter. Quarry LP bought a new stake in shares of Corpay during the 3rd quarter valued at about $42,000. Finally, Continuum Advisory LLC increased its position in shares of Corpay by 47.9% during the 3rd quarter. Continuum Advisory LLC now owns 142 shares of the company’s stock valued at $44,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Corpay Stock Performance

NYSE CPAY opened at $362.57 on Thursday. The stock has a market capitalization of $25.27 billion, a PE ratio of 25.86, a P/E/G ratio of 1.17 and a beta of 1.26. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $385.30. The business has a 50 day simple moving average of $359.11 and a two-hundred day simple moving average of $324.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05.

Insider Activity at Corpay

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

Analyst Ratings Changes

CPAY has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Wolfe Research upgraded Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective for the company in a research note on Wednesday, January 8th. BMO Capital Markets raised their target price on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Jefferies Financial Group boosted their price target on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price objective on Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.50.

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.