Nisa Investment Advisors LLC Boosts Stock Position in Corpay, Inc. (NYSE:CPAY)

Nisa Investment Advisors LLC lifted its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 68.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,966 shares of the company's stock after purchasing an additional 1,611 shares during the quarter. Nisa Investment Advisors LLC's holdings in Corpay were worth $1,342,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Corpay during the 3rd quarter worth about $40,497,000. JPMorgan Chase & Co. increased its stake in shares of Corpay by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock valued at $1,653,659,000 after acquiring an additional 120,578 shares during the last quarter. Prana Capital Management LP acquired a new stake in Corpay in the third quarter worth $31,541,000. FMR LLC lifted its holdings in Corpay by 3.0% during the third quarter. FMR LLC now owns 2,692,847 shares of the company's stock worth $842,215,000 after acquiring an additional 78,880 shares in the last quarter. Finally, Swedbank AB grew its position in shares of Corpay by 46.3% in the 3rd quarter. Swedbank AB now owns 186,117 shares of the company's stock valued at $58,210,000 after purchasing an additional 58,900 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Buying and Selling

In other news, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 10,530 shares of the company's stock, valued at $3,950,645.40. This represents a 22.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Alissa B. Vickery sold 8,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total value of $2,960,320.00. Following the transaction, the chief accounting officer now directly owns 1,797 shares of the company's stock, valued at approximately $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

Corpay Trading Down 0.2 %

Shares of NYSE:CPAY traded down $0.62 during mid-day trading on Tuesday, hitting $378.88. The company had a trading volume of 320,709 shares, compared to its average volume of 433,336. Corpay, Inc. has a one year low of $247.10 and a one year high of $385.30. The company has a market capitalization of $26.41 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 1.26 and a beta of 1.26. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a fifty day moving average price of $360.76 and a 200 day moving average price of $331.07.

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

Analyst Upgrades and Downgrades

CPAY has been the subject of several recent research reports. Bank of America upped their price objective on Corpay from $344.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods lowered their price objective on shares of Corpay from $425.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Morgan Stanley increased their target price on shares of Corpay from $325.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Wells Fargo & Company lifted their price target on shares of Corpay from $340.00 to $375.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Finally, Citigroup started coverage on Corpay in a research report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 target price on the stock. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $381.43.

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.