Corpay, Inc. (NYSE:CPAY) Stake Lifted by Amundi

Amundi increased its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 28.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,575 shares of the company's stock after acquiring an additional 29,276 shares during the period. Amundi owned approximately 0.19% of Corpay worth $47,742,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Avion Wealth grew 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 buying an additional 91 shares during the last quarter. Versant Capital Management Inc grew its position in Corpay by 130.4% in the fourth 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 last quarter. Huntington National Bank grew its position in Corpay by 43.0% in the third quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after buying an additional 40 shares during the last quarter. Quarry LP acquired a new position in Corpay in the third quarter worth approximately $42,000. Finally, Spire Wealth Management acquired a new position in Corpay in the fourth quarter worth approximately $42,000. 98.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective on the stock in a research report on Wednesday, January 8th. Morgan Stanley lifted their price objective on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Finally, Raymond James lowered their price objective on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $399.71.

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Corpay Stock Up 3.0 %

CPAY stock opened at $334.40 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81. The company has a fifty day simple moving average of $364.94 and a 200 day simple moving average of $348.42. The firm has a market cap of $23.49 billion, a PE ratio of 23.92, a PEG ratio of 1.32 and a beta of 1.25.

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

Insider Activity at Corpay

In related news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction on Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the completion of the sale, the director now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 6.10% of the stock is owned by company insiders.

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.

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