Lecap Asset Management Ltd. Has $1.30 Million Holdings in Corpay, Inc. (NYSE:CPAY)

Lecap Asset Management Ltd. decreased its position in Corpay, Inc. (NYSE:CPAY) by 55.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,841 shares of the company’s stock after selling 4,790 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Corpay were worth $1,300,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Corpay in the 3rd quarter valued at about $40,497,000. JPMorgan Chase & Co. raised its position in shares of Corpay by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock valued at $1,653,659,000 after buying an additional 120,578 shares in the last quarter. Prana Capital Management LP bought a new stake in shares of Corpay in the third quarter valued at approximately $31,541,000. Swedbank AB grew its position in Corpay by 44.9% during the fourth quarter. Swedbank AB now owns 269,717 shares of the company’s stock worth $91,278,000 after buying an additional 83,600 shares in the last quarter. Finally, FMR LLC increased its stake in Corpay by 3.0% during the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company’s stock worth $842,215,000 after acquiring an additional 78,880 shares during the period. Institutional investors own 98.84% of the company’s stock.

Insider Activity

In other news, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 1,797 shares in the company, valued at $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 10,530 shares in the company, 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. Insiders own 6.10% of the company’s stock.

Corpay Price Performance

Shares of CPAY opened at $375.53 on Friday. 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 stock has a market cap of $26.18 billion, a PE ratio of 26.79, a PEG ratio of 1.30 and a beta of 1.28. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. The business has a 50-day simple moving average of $361.72 and a two-hundred day simple moving average of $335.59.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 26.14% and a return on equity of 39.44%. Analysts anticipate that Corpay, Inc. will post 17.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CPAY shares. Morgan Stanley upped their target price on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research report on Thursday. Bank of America increased their price objective on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group boosted their target price 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. Wells Fargo & Company increased their price target on shares of Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.71.

About Corpay

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.