BI Asset Management Fondsmaeglerselskab A S Grows Stock Position in Corpay, Inc. (NYSE:CPAY)

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 368.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,830 shares of the company's stock after buying an additional 3,800 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Corpay were worth $1,635,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CPAY. Vanguard Group Inc. boosted its stake in shares of Corpay by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock valued at $2,623,702,000 after purchasing an additional 120,688 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Corpay by 2.3% in 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 in the last quarter. Boston Partners grew its position in Corpay by 6.4% during the 4th quarter. Boston Partners now owns 2,045,398 shares of the company's stock valued at $694,847,000 after purchasing an additional 122,380 shares during the last quarter. Geode Capital Management LLC increased its stake in Corpay by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 1,732,793 shares of the company's stock valued at $584,962,000 after purchasing an additional 54,894 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Corpay by 163.7% in the fourth quarter. Invesco Ltd. now owns 1,686,665 shares of the company's stock worth $570,801,000 after buying an additional 1,047,080 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Corpay Trading Up 0.2 %

Shares of NYSE:CPAY traded up $0.50 during trading on Friday, reaching $322.39. The company's stock had a trading volume of 207,676 shares, compared to its average volume of 482,135. The stock has a market capitalization of $22.65 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The firm's 50 day simple moving average is $334.94 and its two-hundred day simple moving average is $351.20. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $4.96 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%. On average, research analysts predict that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CPAY has been the subject of a number of research analyst reports. Citigroup assumed coverage on shares of Corpay in a research report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 target price for the company. Raymond James decreased their target price 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. Keefe, Bruyette & Woods raised their price objective on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Morgan Stanley raised their price target on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, Wolfe Research raised Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective for the company in a research note on Wednesday, January 8th. 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. Based on data from MarketBeat.com, Corpay has a consensus rating of "Moderate Buy" and an average target price of $397.62.

Insider Activity

In other Corpay news, Director Richard Macchia sold 2,427 shares of the stock in a transaction dated Monday, February 10th. The shares were 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. This represents a 16.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.10% of the company's stock.

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.