Royal London Asset Management Ltd. Has $10.73 Million Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Royal London Asset Management Ltd. grew its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,690 shares of the company's stock after purchasing an additional 2,007 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Corpay were worth $10,725,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Swedbank AB boosted its position in shares of Corpay by 46.3% in the third quarter. Swedbank AB now owns 186,117 shares of the company's stock valued at $58,210,000 after acquiring an additional 58,900 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Corpay during the third quarter valued at $527,000. Allspring Global Investments Holdings LLC raised its position in shares of Corpay by 17.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 23,732 shares of the company's stock valued at $8,067,000 after acquiring an additional 3,504 shares during the last quarter. Banco Santander S.A. acquired a new stake in Corpay in the third quarter worth $668,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $143,393,000 after purchasing an additional 1,749 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CPAY shares. Royal Bank of Canada raised their target price on shares of Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Raymond James cut their price objective on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their target price on shares of Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. BMO Capital Markets increased their price target 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, Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective on the stock in a research note on Wednesday, January 8th. Three 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $399.71.

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Corpay Price Performance

CPAY stock traded down $1.15 during midday trading on Wednesday, reaching $357.51. The company had a trading volume of 244,888 shares, compared to its average volume of 474,430. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $400.81. The stock has a 50 day moving average price of $364.62 and a 200-day moving average price of $351.21. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The company has a market capitalization of $25.12 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25.

Corpay (NYSE:CPAY - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. Equities research analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current year.

Insider Activity at Corpay

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 value of $910,683.21. Following the sale, the director now owns 12,215 shares in the company, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 6.10% of the stock is currently owned by insiders.

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.