GAM Holding AG Invests $1.41 Million in Corpay, Inc. (NYSE:CPAY)

GAM Holding AG purchased a new position in Corpay, Inc. (NYSE:CPAY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,177 shares of the company's stock, valued at approximately $1,414,000.

Other large investors have also recently made changes to their positions in the company. Avion Wealth grew its position in Corpay by 1,011.1% during the fourth quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after buying an additional 91 shares during the period. Versant Capital Management Inc grew its position in Corpay by 130.4% during the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after buying an additional 60 shares during the period. Huntington National Bank grew its position in Corpay by 43.0% during the third quarter. Huntington National Bank now owns 133 shares of the company's stock valued at $42,000 after buying an additional 40 shares during the period. Quarry LP bought a new stake in Corpay during the third quarter valued at approximately $42,000. Finally, Spire Wealth Management bought a new stake in Corpay during the fourth quarter valued at approximately $42,000. 98.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Corpay news, Director Richard Macchia sold 2,427 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $375.23, for a total transaction of $910,683.21. Following the completion of the transaction, the director now directly owns 12,215 shares of the company's stock, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 6.10% of the stock is currently owned by insiders.

Corpay Stock Performance

Shares of Corpay stock traded down $5.33 during midday trading on Friday, hitting $363.66. The company had a trading volume of 341,615 shares, compared to its average volume of 445,695. The stock has a market cap of $25.35 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 1.35 and a beta of 1.28. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. The company has a fifty day simple moving average of $362.83 and a 200 day simple moving average of $341.54. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays upped their price target on shares of Corpay from $385.00 to $415.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target for the company in a research report on Wednesday, January 8th. Morgan Stanley upped their price target 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. Raymond James dropped their price target on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Finally, BMO Capital Markets upped their price target on shares of Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. 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 company's stock. According to data from MarketBeat.com, Corpay has a consensus rating of "Moderate Buy" and an average price target of $399.71.

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.