Corpay, Inc. (NYSE:CPAY) Stock Position Raised by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 458,868 shares of the company's stock after purchasing an additional 44,190 shares during the period. American Century Companies Inc. owned approximately 0.66% of Corpay worth $155,290,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Avion Wealth lifted its position in Corpay by 1,011.1% during the fourth quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after buying an additional 91 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 60 shares in the last quarter. Quarry LP purchased a new stake in Corpay during the 3rd quarter worth $42,000. Spire Wealth Management acquired a new stake in Corpay in the 4th quarter valued at $42,000. Finally, Assetmark Inc. raised its position in Corpay by 93.8% in the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Transactions at Corpay

In related news, Director Richard Macchia sold 2,427 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the transaction, the director now directly owns 12,215 shares of the company's stock, valued at approximately $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.10% of the company's stock.

Remove Ads

Corpay Price Performance

Shares of Corpay stock traded down $1.45 during trading on Thursday, hitting $355.94. The stock had a trading volume of 234,002 shares, compared to its average volume of 458,567. The business has a fifty day moving average of $364.52 and a two-hundred day moving average of $351.25. The firm has a market cap of $25.00 billion, a P/E ratio of 25.46, a PEG ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. On average, sell-side analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CPAY has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their target price on Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on shares of Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Wells Fargo & Company boosted their target price 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. Raymond James dropped their price target on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Finally, BMO Capital Markets upped their price objective on shares of Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $399.71.

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.