Bank of Montreal Can Has $31.85 Million Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Bank of Montreal Can trimmed its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 6.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 94,099 shares of the company's stock after selling 6,630 shares during the quarter. Bank of Montreal Can owned approximately 0.13% of Corpay worth $31,845,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CPAY. Exchange Traded Concepts LLC raised its position in Corpay by 16.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock worth $69,000 after acquiring an additional 29 shares in the last quarter. Tealwood Asset Management Inc. lifted its stake in Corpay by 0.7% during the fourth quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company's stock valued at $1,420,000 after purchasing an additional 30 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Corpay by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock valued at $2,018,000 after purchasing an additional 30 shares during the last quarter. IFP Advisors Inc grew its position in Corpay by 2.7% in the fourth quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock worth $390,000 after buying an additional 30 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in shares of Corpay by 3.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock valued at $318,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays reduced their target price on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday. Wells Fargo & Company increased 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. Royal Bank of Canada boosted their price target on shares of Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Raymond James cut their price target on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods boosted their price target on Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Corpay currently has a consensus rating of "Moderate Buy" and an average price target of $400.38.

Corpay Stock Performance

CPAY stock traded down $1.16 during mid-day trading on Wednesday, reaching $311.68. 51,095 shares of the stock traded hands, compared to its average volume of 486,590. The firm has a market capitalization of $21.90 billion, a PE ratio of 22.29, a P/E/G ratio of 1.32 and a beta of 1.11. The business has a 50-day moving average of $345.06 and a two-hundred day moving average of $352.07. Corpay, Inc. has a 52 week low of $247.10 and a 52 week 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.

Corpay (NYSE:CPAY - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. As a group, equities analysts predict that Corpay, Inc. will post 19.76 EPS 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 dated 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 in the company, valued at $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.10% of the stock is currently owned by corporate insiders.

Corpay Company 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.