Corpay, Inc. (NYSE:CPAY) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 728.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,889 shares of the company's stock after acquiring an additional 39,468 shares during the period. Mizuho Securities USA LLC owned about 0.06% of Corpay worth $14,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of Corpay during the 1st quarter valued at about $2,431,089,000. Price T Rowe Associates Inc. MD purchased a new position in Corpay in the first quarter worth about $1,355,377,000. Boston Partners bought a new stake in Corpay during the first quarter worth approximately $553,667,000. Third Point LLC purchased a new position in shares of Corpay in the 1st quarter worth approximately $200,551,000. Finally, American Century Companies Inc. raised its holdings in Corpay by 1,734.1% during the 2nd quarter. American Century Companies Inc. now owns 400,662 shares of the company's stock valued at $106,740,000 after buying an additional 378,817 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CPAY shares. Jefferies Financial Group upped their price target on shares of Corpay from $375.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. William Blair raised Corpay to a "strong-buy" rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on Corpay from $327.00 to $353.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 20th. Citigroup lifted their price objective on Corpay from $405.00 to $430.00 and gave the company a "buy" rating in a report on Thursday. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $310.00 target price on shares of Corpay in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $363.93.

Insider Activity at Corpay

In related news, 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 completion of the sale, the director now owns 10,530 shares of the company's stock, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is owned by corporate insiders.

Corpay Price Performance

Shares of NYSE:CPAY traded down $6.92 during trading on Friday, reaching $363.36. 564,439 shares of the company's stock traded hands, compared to its average volume of 576,055. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The firm has a market cap of $25.33 billion, a PE ratio of 25.92, a P/E/G ratio of 1.42 and a beta of 1.21. The company has a 50-day simple moving average of $331.97 and a 200-day simple moving average of $298.75. Corpay, Inc. has a fifty-two week low of $230.68 and a fifty-two week high of $375.98.

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.