Swedbank AB Has $91.28 Million Holdings in Corpay, Inc. (NYSE:CPAY)

Swedbank AB grew its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 44.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 269,717 shares of the company's stock after purchasing an additional 83,600 shares during the period. Swedbank AB owned about 0.39% of Corpay worth $91,278,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Albion Financial Group UT bought a new position in Corpay in the third quarter valued at $27,000. Versant Capital Management Inc grew its holdings in shares of Corpay by 130.4% in the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 60 shares in the last quarter. Huntington National Bank grew its holdings in shares of Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company's stock valued at $42,000 after acquiring an additional 40 shares in the last quarter. Quarry LP bought a new stake in Corpay during the third quarter worth about $42,000. Finally, Continuum Advisory LLC grew its stake in Corpay by 47.9% in the third quarter. Continuum Advisory LLC now owns 142 shares of the company's stock valued at $44,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Corpay Trading Up 1.6 %

NYSE CPAY traded up $5.99 on Thursday, reaching $387.21. The company had a trading volume of 94,923 shares, compared to its average volume of 409,831. The firm has a market cap of $26.99 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 1.26 and a beta of 1.26. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $388.44. The business has a 50 day moving average of $361.21 and a two-hundred day moving average of $332.07. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05.

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

Analysts Set New Price Targets

CPAY has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Corpay from $425.00 to $415.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. BMO Capital Markets increased their price target on Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Wells Fargo & Company lifted their price objective on shares of Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Morgan Stanley upped their price objective on shares of Corpay from $325.00 to $350.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Finally, Bank of America lifted their target price on shares of Corpay from $344.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $381.43.

Insider Transactions 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 stock was sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the sale, the director now owns 10,530 shares in the company, valued at $3,950,645.40. This represents a 22.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $2,960,320.00. Following the completion of the sale, the chief accounting officer now owns 1,797 shares of the company's stock, valued at approximately $664,961.88. The trade was a 81.66 % 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.

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.