Select Equity Group, L.P. Reduces $19M in Corpay, Inc. ($CPAY)
Key Points
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Select Equity Group, L.P. trimmed its position in Corpay, Inc. ($CPAY) by 5.17% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,063,946 shares of Corpay, Inc. after selling 57,979 shares during the quarter. Select Equity Group, L.P.'s holdings in Corpay, Inc. were worth $354.58 million as of its most recent filing.
Corpay, Inc. Stock Down 18.3%
Shares of Corpay, Inc. ($CPAY) traded around $333.27 on Saturday, down 18.3% for the day.
Corpay, Inc. Earnings
Analysts Set New Price Targets
About Corpay, Inc.
Corpay, Inc. operates as a payments company that helps businesses and consumers to manage and pay their expenses. It operates through Corporate Payments, Vehicle Payments, Lodging Payments, and Other segments. The company offers vehicle payment solutions for fuel, tolls and parking, vehicle compliance, auto insurance and road assistance, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions, such as cross-border payments, spend management solutions, AP modernization, virtual cards, and purchasing and T&E cards. Additionally, it offers lodging payments solutions for employees who travel overnight for work purposes; traveling crews and stranded passengers from airlines and cruise lines; workforce lodging solutions for business travel programs; airline logistics, crew management, insurance, and other payments solutions. Further, the company offers gifts and payroll cards. It serves business, merchant, consumer, and payment network customers. The company was formerly known as FLEETCOR Technologies, Inc. and changed its name to Corpay, Inc. in June 2002. Corpay, Inc. was founded in 1986 and is headquartered in Atlanta, Georgia.
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