Ceera Investments LLC Decreases Holdings in Corpay, Inc $CPAY

Ceera Investments LLC cut its stake in shares of Corpay, Inc (NYSE:CPAY) by 12.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,778 shares of the corporate payments company’s stock after selling 2,296 shares during the period. Corpay comprises about 2.0% of Ceera Investments LLC’s investment portfolio, making the stock its 10th biggest position. Ceera Investments LLC’s holdings in Corpay were worth $4,591,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Clifford Swan Investment Counsel LLC increased its position in Corpay by 5.7% in the first quarter. Clifford Swan Investment Counsel LLC now owns 48,158 shares of the corporate payments company’s stock worth $14,013,000 after buying an additional 2,604 shares in the last quarter. Watershed Asset Management L.L.C. lifted its position in shares of Corpay by 5.2% during the 1st quarter. Watershed Asset Management L.L.C. now owns 1,531 shares of the corporate payments company’s stock valued at $446,000 after buying an additional 76 shares in the last quarter. Assetmark Inc. lifted its position in shares of Corpay by 7.7% during the 1st quarter. Assetmark Inc. now owns 647 shares of the corporate payments company’s stock valued at $188,000 after buying an additional 46 shares in the last quarter. Wealthfront Advisers LLC grew its stake in shares of Corpay by 3.7% during the 1st quarter. Wealthfront Advisers LLC now owns 3,931 shares of the corporate payments company’s stock valued at $1,144,000 after acquiring an additional 139 shares during the period. Finally, D.A. Davidson & CO. grew its stake in shares of Corpay by 19.1% during the 1st quarter. D.A. Davidson & CO. now owns 29,758 shares of the corporate payments company’s stock valued at $8,659,000 after acquiring an additional 4,768 shares during the period. Institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CPAY. Morgan Stanley reissued an “overweight” rating and issued a $400.00 target price on shares of Corpay in a report on Sunday, May 10th. Wolfe Research reiterated an “outperform” rating and issued a $450.00 price target on shares of Corpay in a research report on Wednesday, June 3rd. Robert W. Baird reduced their price objective on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings upgraded shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corpay presently has an average rating of “Moderate Buy” and a consensus target price of $382.54.

Corpay Stock Down 1.6%

Shares of CPAY stock opened at $365.94 on Friday. The company’s fifty day simple moving average is $349.20 and its two-hundred day simple moving average is $332.02. Corpay, Inc has a 52 week low of $252.84 and a 52 week high of $374.09. The stock has a market cap of $23.92 billion, a P/E ratio of 21.90, a PEG ratio of 1.02 and a beta of 0.88. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. The firm had revenue of $5.63 million for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. Analysts predict that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Insider Transactions at Corpay

In related news, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $352.13, for a total value of $24,816,713.88. Following the completion of the transaction, the insider owned 11,274 shares in the company, valued at approximately $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the sale, the director owned 28,241 shares in the company, valued at approximately $10,188,787.98. This trade represents a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 88,677 shares of company stock worth $31,304,091. Insiders own 5.19% of the company’s stock.

Corpay Company Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.