Oak Thistle LLC Takes $302,000 Position in Corpay, Inc. (NYSE:CPAY)

Oak Thistle LLC purchased a new position in Corpay, Inc. (NYSE:CPAY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 893 shares of the company's stock, valued at approximately $302,000.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake 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. FMR LLC lifted its holdings in shares of Corpay by 3.0% in the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company's stock valued at $842,215,000 after buying an additional 78,880 shares during the period. Geode Capital Management LLC lifted its holdings in Corpay by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,677,899 shares of the company's stock valued at $523,061,000 after acquiring an additional 23,275 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Corpay by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 718,752 shares of the company's stock worth $191,497,000 after acquiring an additional 70,408 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Corpay by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,477 shares of the company's stock worth $143,393,000 after acquiring an additional 1,749 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Trading Up 0.2 %

Shares of CPAY traded up $0.91 on Friday, hitting $370.91. 430,738 shares of the stock traded hands, compared to its average volume of 373,159. The firm has a market capitalization of $25.86 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.17 and a beta of 1.26. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $385.30. The stock's 50 day moving average is $359.95 and its two-hundred day moving average is $325.86.

Wall Street Analysts Forecast Growth

CPAY has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Corpay from $325.00 to $350.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Jefferies Financial Group lifted their target price on shares of Corpay from $375.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their price target on shares of Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a research note on Thursday. BMO Capital Markets upped their price objective on shares of Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Keefe, Bruyette & Woods lowered their target price on Corpay from $425.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $381.43.

Insider Activity

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 1,797 shares in the company, valued at $664,961.88. The trade was a 81.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the sale, the director now directly owns 10,530 shares of the company's stock, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company's stock.

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.