Tredje AP fonden Has $1.95 Million Position in Corpay, Inc. (NYSE:CPAY)

Tredje AP fonden trimmed its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,765 shares of the company's stock after selling 5,765 shares during the quarter. Tredje AP fonden's holdings in Corpay were worth $1,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPAY. Avion Wealth increased its position in Corpay by 1,011.1% in the fourth quarter. Avion Wealth now owns 100 shares of the company's stock worth $33,000 after purchasing an additional 91 shares during the period. Versant Capital Management Inc grew its position 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 buying an additional 60 shares during the period. Huntington National Bank grew its position 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 buying an additional 40 shares during the period. Quarry LP acquired a new position in shares of Corpay during the 3rd quarter worth about $42,000. Finally, Spire Wealth Management acquired a new position in shares of Corpay during the 4th quarter worth about $42,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Up 1.5 %

Shares of NYSE:CPAY traded up $5.36 during trading on Wednesday, hitting $352.52. 333,941 shares of the company were exchanged, compared to its average volume of 460,531. The stock has a market cap of $24.76 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The firm has a fifty day moving average price of $364.75 and a two-hundred day moving average price of $349.66. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66.

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Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. As a group, research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CPAY. Raymond James decreased their target price on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. BMO Capital Markets lifted their price objective on Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Wolfe Research upgraded Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Morgan Stanley lifted their price objective on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Corpay has an average rating of "Moderate Buy" and an average price target of $399.71.

Insider Buying and Selling

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. 6.10% of the stock is owned by 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.