Czech National Bank Increases Stake in Corpay, Inc. (NYSE:CPAY)

Czech National Bank grew its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,115 shares of the company's stock after buying an additional 971 shares during the quarter. Czech National Bank's holdings in Corpay were worth $5,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Albion Financial Group UT bought a new position in Corpay in the 3rd quarter worth $27,000. Versant Capital Management Inc raised its holdings in Corpay by 130.4% in the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 60 shares during the period. Huntington National Bank raised its holdings in Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after purchasing an additional 40 shares during the period. Quarry LP bought a new position in Corpay in the 3rd quarter worth $42,000. Finally, Continuum Advisory LLC raised its holdings in Corpay by 47.9% in the 3rd quarter. Continuum Advisory LLC now owns 142 shares of the company's stock worth $44,000 after purchasing an additional 46 shares during the period. 98.84% of the stock is owned by institutional investors.

Corpay Trading Up 2.2 %

CPAY traded up $7.84 on Thursday, hitting $370.07. The company had a trading volume of 527,106 shares, compared to its average volume of 480,591. The company has a market cap of $25.80 billion, a PE ratio of 26.40, a PEG ratio of 1.17 and a beta of 1.26. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $385.30. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The business's fifty day simple moving average is $359.38 and its 200 day simple moving average is $324.82.

Insider Buying and Selling at Corpay

In other news, Director Joseph W. Farrelly sold 2,975 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the completion of the sale, the director now directly owns 10,530 shares of the company's stock, valued at approximately $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Alissa B. Vickery sold 8,000 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now owns 1,797 shares in the company, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Keefe, Bruyette & Woods cut their price target on Corpay from $425.00 to $415.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Bank of America increased their price target on Corpay from $344.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Citigroup assumed coverage on Corpay in a research note on Tuesday. They issued a "buy" rating and a $430.00 price target for the company. Finally, Wolfe Research upgraded Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target for the company in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $381.43.

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.