Dakota Wealth Management Makes New $228,000 Investment in Corpay, Inc. (NYSE:CPAY)

Dakota Wealth Management bought a new stake in Corpay, Inc. (NYSE:CPAY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 675 shares of the company's stock, valued at approximately $228,000.

Other institutional investors have also recently bought and sold shares of the company. Swedbank AB boosted its position in shares of Corpay by 46.3% in the third quarter. Swedbank AB now owns 186,117 shares of the company's stock valued at $58,210,000 after acquiring an additional 58,900 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Corpay by 66.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company's stock valued at $1,842,000 after purchasing an additional 2,355 shares during the last quarter. Retireful LLC bought a new stake in Corpay in the 3rd quarter valued at $702,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Corpay in the 3rd quarter worth $527,000. Finally, Banco Santander S.A. bought a new position in shares of Corpay during the 3rd quarter worth about $668,000. Institutional investors own 98.84% of the company's stock.

Insiders Place Their Bets

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of the business'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 sale, the chief accounting officer now directly owns 1,797 shares of the company's stock, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the company's stock in a transaction dated 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 transaction, the director now owns 10,530 shares in the company, valued at approximately $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 target price for the company in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their price objective on Corpay from $425.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Citigroup began coverage on Corpay in a research note on Tuesday, January 14th. They issued a "buy" rating and a $430.00 target price for the company. Barclays lifted their price target on shares of Corpay from $385.00 to $415.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. Finally, Morgan Stanley increased their price objective on shares of Corpay from $325.00 to $350.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Corpay has a consensus rating of "Moderate Buy" and a consensus price target of $381.43.

Corpay Price Performance

Shares of NYSE:CPAY traded up $0.62 during trading on Monday, reaching $379.91. The stock had a trading volume of 483,228 shares, compared to its average volume of 440,377. The stock has a market capitalization of $26.48 billion, a PE ratio of 27.10, a P/E/G ratio of 1.26 and a beta of 1.26. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $385.30. The business's 50-day moving average price is $360.45 and its 200 day moving average price is $330.37. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $4.72 EPS for the quarter, topping analysts' consensus estimates of $4.67 by $0.05. Corpay had a return on equity of 39.44% and a net margin of 26.14%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm earned $4.20 earnings per share. As a group, equities analysts predict that Corpay, Inc. will post 17.84 earnings per share for the current year.

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.