National Pension Service Has $34.23 Million Stake in Corpay, Inc. (NYSE:CPAY)

National Pension Service reduced its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 15.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,442 shares of the company's stock after selling 20,038 shares during the quarter. National Pension Service owned 0.16% of Corpay worth $34,229,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Albion Financial Group UT acquired a new position in shares of Corpay during the third quarter worth about $27,000. Headlands Technologies LLC bought a new position in shares of Corpay during the 1st quarter worth approximately $31,000. LGT Financial Advisors LLC acquired a new stake in shares of Corpay in the second quarter valued at approximately $33,000. RFP Financial Group LLC bought a new stake in shares of Corpay in the first quarter worth $35,000. Finally, Blue Trust Inc. boosted its holdings in Corpay by 246.2% during the second quarter. Blue Trust Inc. now owns 135 shares of the company's stock worth $36,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Corpay Stock Performance

Shares of NYSE:CPAY traded down $2.47 during trading on Thursday, reaching $346.50. 576,961 shares of the stock were exchanged, compared to its average volume of 469,033. Corpay, Inc. has a 12 month low of $221.37 and a 12 month high of $355.47. The stock has a 50-day moving average price of $324.21 and a 200-day moving average price of $295.70. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74. The firm has a market cap of $24.06 billion, a PE ratio of 25.26, a PEG ratio of 1.30 and a beta of 1.21.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $4.55 EPS for the quarter, beating analysts' consensus estimates of $4.51 by $0.04. Corpay had a return on equity of 38.93% and a net margin of 26.41%. The firm had revenue of $975.70 million for the quarter, compared to analyst estimates of $973.84 million. During the same period in the prior year, the firm posted $3.85 EPS. The company's revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts expect that Corpay, Inc. will post 17.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CPAY shares. Wells Fargo & Company lifted their price target on shares of Corpay from $285.00 to $320.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Royal Bank of Canada reissued a "sector perform" rating and set a $310.00 price target on shares of Corpay in a research report on Thursday, August 8th. Barclays upped their price objective on Corpay from $385.00 to $415.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. BMO Capital Markets raised their target price on shares of Corpay from $350.00 to $390.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Finally, William Blair raised shares of Corpay to a "strong-buy" rating in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Corpay presently has an average rating of "Moderate Buy" and a consensus target price of $353.46.

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.