Corpay, Inc. (NYSE:CPAY) Shares Bought by Ossiam

Ossiam raised its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 2,419.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,622 shares of the company's stock after purchasing an additional 33,248 shares during the quarter. Ossiam's holdings in Corpay were worth $11,717,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Corpay by 368.9% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,830 shares of the company's stock worth $1,635,000 after buying an additional 3,800 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Corpay by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 779,288 shares of the company's stock worth $263,722,000 after purchasing an additional 42,945 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Corpay by 36.5% during the fourth quarter. First Trust Advisors LP now owns 79,514 shares of the company's stock valued at $26,909,000 after purchasing an additional 21,244 shares during the period. GeoWealth Management LLC bought a new position in shares of Corpay in the fourth quarter worth about $188,000. Finally, Farringdon Capital Ltd. purchased a new position in Corpay in the 4th quarter worth about $689,000. Institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Raymond James lowered their price target on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Citigroup assumed coverage on shares of Corpay in a research report on Tuesday, January 14th. They set a "buy" rating and a $430.00 target price on the stock. Royal Bank of Canada upped their price target 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. Wolfe Research upgraded Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 target price for the company in a report on Wednesday, January 8th. Finally, 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 report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $397.62.

Corpay Stock Performance

Shares of Corpay stock traded up $7.53 on Thursday, reaching $322.10. 145,279 shares of the stock were exchanged, compared to its average volume of 482,205. The business has a 50 day moving average price of $337.32 and a two-hundred day moving average price of $351.37. The firm has a market capitalization of $22.63 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.32 and a beta of 1.11. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 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%. Analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the company's stock in a transaction dated 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 transaction, the director now owns 12,215 shares in the company, valued at approximately $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.10% of the company's stock.

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.