Corpay, Inc. (NYSE:CPAY) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,810 shares of the company's stock after selling 898 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Corpay were worth $8,735,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Norges Bank purchased a new position in Corpay in the fourth quarter worth approximately $241,739,000. Raymond James Financial Inc. acquired a new stake in shares of Corpay in the 4th quarter valued at $134,950,000. Boston Partners lifted its position in shares of Corpay by 6.4% during the 4th quarter. Boston Partners now owns 2,045,398 shares of the company's stock worth $694,847,000 after purchasing an additional 122,380 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Corpay by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock worth $2,623,702,000 after purchasing an additional 120,688 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Corpay by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock valued at $1,653,659,000 after buying an additional 120,578 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insider Buying and Selling at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $375.23, for a total value of $910,683.21. Following the completion of the sale, the director now owns 12,215 shares in the company, valued at $4,583,434.45. The trade was a 16.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CPAY has been the subject of several analyst reports. Raymond James lowered their price objective on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Citigroup started coverage on shares of Corpay in a research note on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods increased their target price on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, Wolfe Research raised 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. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $401.54.

Corpay Price Performance

NYSE CPAY traded down $29.83 during mid-day trading on Friday, hitting $287.80. The stock had a trading volume of 1,091,078 shares, compared to its average volume of 477,907. The company has a 50 day simple moving average of $359.52 and a 200 day simple moving average of $352.77. 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 market cap of $20.22 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 1.32 and a beta of 1.11. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing analysts' consensus estimates of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. Equities analysts forecast that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Corpay 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.