Natixis Advisors LLC Has $10.43 Million Stake in Corpay, Inc. (NYSE:CPAY)

Natixis Advisors LLC grew its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,815 shares of the company's stock after purchasing an additional 3,362 shares during the period. Natixis Advisors LLC's holdings in Corpay were worth $10,428,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Avion Wealth boosted its stake in shares of Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company's stock worth $33,000 after acquiring an additional 91 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 60 shares in the last quarter. Huntington National Bank boosted its stake in shares of Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after acquiring an additional 40 shares in the last quarter. Quarry LP bought a new stake in shares of Corpay during the 3rd quarter worth about $42,000. Finally, Spire Wealth Management bought a new stake in shares of Corpay during the 4th quarter worth about $42,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Corpay

In related news, Director Richard Macchia sold 2,427 shares of the firm'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 completion of the sale, the director now directly owns 12,215 shares of the company's stock, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.10% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

Several research firms have recently issued reports on CPAY. Wells Fargo & Company upped their price target on Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 16th. Morgan Stanley upped their price target on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Royal Bank of Canada upped their price target on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods increased their target price on Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets increased their target price on Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Corpay currently has an average rating of "Moderate Buy" and a consensus target price of $399.71.

Corpay Price Performance

Shares of CPAY traded down $5.70 during mid-day trading on Friday, reaching $347.12. The company had a trading volume of 475,625 shares, compared to its average volume of 459,710. Corpay, Inc. has a twelve month low of $247.10 and a twelve month 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. The company's 50-day moving average is $364.50 and its 200-day moving average is $350.17. The company has a market capitalization of $24.38 billion, a P/E ratio of 24.83, a P/E/G ratio of 1.32 and a beta of 1.25.

Corpay (NYSE:CPAY - Get Free Report) last issued 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 return on equity of 41.46% and a net margin of 25.25%. On average, equities analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

About Corpay

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.