Vista Investment Partners LLC Buys 149 Shares of Corpay, Inc. (NYSE:CPAY)

Vista Investment Partners LLC boosted its stake in Corpay, Inc. (NYSE:CPAY) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,975 shares of the company’s stock after purchasing an additional 149 shares during the period. Vista Investment Partners LLC’s holdings in Corpay were worth $2,022,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB boosted its holdings in shares of Corpay by 46.3% in the third quarter. Swedbank AB now owns 186,117 shares of the company’s stock worth $58,210,000 after buying an additional 58,900 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Corpay by 66.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock worth $1,842,000 after acquiring an additional 2,355 shares during the last quarter. Retireful LLC bought a new stake in shares of Corpay during the 3rd quarter valued at $702,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Corpay in the 3rd quarter worth $527,000. Finally, Banco Santander S.A. purchased a new stake in shares of Corpay in the 3rd quarter worth $668,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPAY has been the topic of several analyst reports. Barclays lifted their target price on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Jefferies Financial Group boosted their price objective on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley raised their target price on shares of Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Bank of America upped their price target on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Corpay from $425.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $381.43.

Corpay Price Performance

CPAY stock opened at $378.90 on Friday. The company has a fifty day simple moving average of $360.45 and a two-hundred day simple moving average of $329.55. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $385.30. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $26.41 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 1.26 and a beta of 1.26.

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

Insider Transactions at Corpay

In other Corpay news, Director Joseph W. Farrelly sold 2,975 shares of the business’s 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 completion of the transaction, the director now owns 10,530 shares in the company, valued at $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Alissa B. Vickery sold 8,000 shares of the 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 completion of the sale, the chief accounting officer now owns 1,797 shares in the company, valued at approximately $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. Company insiders own 6.10% of the company’s stock.

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.