Compound Global Advisors LLC Makes New Investment in Corpay, Inc. (NYSE:CPAY)

Compound Global Advisors LLC purchased a new stake in shares of Corpay, Inc. (NYSE:CPAY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,288 shares of the company’s stock, valued at approximately $774,000. Corpay accounts for approximately 3.1% of Compound Global Advisors LLC’s portfolio, making the stock its 10th biggest holding.

Several other institutional investors have also modified their holdings of CPAY. Swedbank AB raised its holdings in shares of Corpay by 46.3% in the 3rd quarter. Swedbank AB now owns 186,117 shares of the company’s stock worth $58,210,000 after purchasing an additional 58,900 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Corpay by 66.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock valued at $1,842,000 after buying an additional 2,355 shares in the last quarter. Retireful LLC acquired a new stake in shares of Corpay during the 3rd quarter valued at $702,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Corpay in the 3rd quarter worth $527,000. Finally, Banco Santander S.A. acquired a new position in shares of Corpay in the 3rd quarter worth $668,000. Institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

CPAY has been the subject of a number of recent analyst reports. Wolfe Research upgraded Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target for the company in a research report on Wednesday, January 8th. Barclays raised their target price on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. BMO Capital Markets increased their price target on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Jefferies Financial Group upped their price target on shares of Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada lifted their price target on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Three 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.71.

Corpay Price Performance

Shares of NYSE:CPAY opened at $375.06 on Tuesday. The firm has a market cap of $26.15 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. The firm’s fifty day moving average is $361.61 and its 200-day moving average is $336.86. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $400.81.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. Sell-side analysts predict that Corpay, Inc. will post 20.62 earnings per share for the current year.

Insider Transactions at Corpay

In related news, CAO Alissa B. Vickery sold 8,000 shares of the company’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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction dated 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 completion of the sale, the director now directly 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 disclosure for this sale can be found here. Insiders have sold 13,402 shares of company stock worth $4,987,164 in the last 90 days. Insiders own 6.10% of the company’s stock.

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.