Bank Julius Baer & Co. Ltd Zurich Takes Position in Corpay, Inc. (NYSE:CPAY)

Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Corpay, Inc. (NYSE:CPAY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 41,447 shares of the company's stock, valued at approximately $14,557,000. Bank Julius Baer & Co. Ltd Zurich owned 0.06% of Corpay as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Corpay by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock worth $1,653,659,000 after purchasing an additional 120,578 shares during the period. FMR LLC lifted its holdings in Corpay by 3.0% in the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company's stock valued at $842,215,000 after purchasing an additional 78,880 shares in the last quarter. Geode Capital Management LLC grew its stake in Corpay by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,677,899 shares of the company's stock worth $523,061,000 after acquiring an additional 23,275 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Corpay by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the company's stock worth $160,904,000 after buying an additional 16,981 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Corpay during the 4th quarter worth about $134,950,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Trading Up 3.0 %

NYSE CPAY traded up $9.74 during trading hours on Wednesday, hitting $334.40. The company's stock had a trading volume of 587,408 shares, compared to its average volume of 495,704. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $23.49 billion, a P/E ratio of 23.92, a PEG ratio of 1.32 and a beta of 1.25. The stock has a fifty day moving average of $365.02 and a 200 day moving average of $348.52.

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Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings results 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 25.25% and a return on equity of 41.46%. Equities research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Transactions at Corpay

In related news, Director Richard Macchia sold 2,427 shares of the business's stock in a transaction that occurred 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wolfe Research raised shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective for the company in a research report on Wednesday, January 8th. BMO Capital Markets raised their price target on shares of Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Wells Fargo & Company upped their price objective on Corpay from $340.00 to $375.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods lifted their price target on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada upped their price objective on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.