Corpay, Inc $CPAY Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its holdings in Corpay, Inc (NYSE:CPAY) by 12.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 321,632 shares of the corporate payments company’s stock after selling 46,125 shares during the period. Corpay accounts for 0.9% of Mawer Investment Management Ltd.’s portfolio, making the stock its 27th largest position. Mawer Investment Management Ltd.’s holdings in Corpay were worth $124,986,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Axiom Investment Management LLC acquired a new position in shares of Corpay during the first quarter worth approximately $27,000. Burkett Financial Services LLC bought a new stake in shares of Corpay in the third quarter valued at approximately $30,000. Strive Financial Group LLC bought a new stake in shares of Corpay in the second quarter valued at approximately $35,000. Western Wealth Management LLC acquired a new stake in shares of Corpay in the first quarter worth $36,000. Finally, CoreCap Advisors LLC grew its stake in shares of Corpay by 1,246.2% in the second quarter. CoreCap Advisors LLC now owns 175 shares of the corporate payments company’s stock worth $58,000 after acquiring an additional 162 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

Corpay Price Performance

Shares of CPAY stock traded up $6.16 during trading hours on Friday, hitting $462.17. The company had a trading volume of 310,288 shares, compared to its average volume of 519,266. Corpay, Inc has a 12 month low of $271.22 and a 12 month high of $479.53. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s fifty day moving average is $409.88 and its 200 day moving average is $363.03. The firm has a market capitalization of $29.56 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 0.94 and a beta of 0.94.

Corpay (NYSE:CPAY) last posted its earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 EPS for the quarter, topping the consensus estimate of $7.20 by $0.34. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Corpay had a return on equity of 46.94% and a net margin of 23.73%. Corpay’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the company earned $5.70 EPS. On average, sell-side analysts predict that Corpay, Inc will post 26.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Corpay news, CEO Ronald Clarke sold 119,486 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the sale, the chief executive officer directly owned 2,354,330 shares in the company, valued at $970,925,692. This represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven Stull sold 2,357 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $413.62, for a total value of $974,902.34. Following the transaction, the director owned 21,241 shares of the company’s stock, valued at $8,785,702.42. This represents a 9.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 220,860 shares of company stock worth $91,395,514 over the last quarter. Company insiders own 5.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Corpay from $438.00 to $474.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 5th. UBS Group increased their price target on shares of Corpay from $415.00 to $465.00 and gave the company a “neutral” rating in a report on Thursday, November 5th. Keefe, Bruyette & Woods increased their price target on shares of Corpay from $470.00 to $525.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. Raymond James Financial restated an “outperform” rating and issued a $442.00 price target on shares of Corpay in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Corpay from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $474.38.

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.