Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Corpay, Inc. (NYSE:CPAY)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,260 shares of the company's stock after purchasing an additional 1,591 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Corpay were worth $4,826,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in Corpay by 4.0% during the third quarter. Janney Montgomery Scott LLC now owns 2,863 shares of the company's stock worth $895,000 after buying an additional 111 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Corpay by 4.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,385 shares of the company's stock worth $433,000 after acquiring an additional 57 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Corpay by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 154,698 shares of the company's stock valued at $48,383,000 after purchasing an additional 1,339 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Corpay by 66.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company's stock worth $1,842,000 after purchasing an additional 2,355 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of Corpay by 43.0% during the third quarter. Huntington National Bank now owns 133 shares of the company's stock valued at $42,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

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Insider Buying and Selling at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the company'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 transaction of $910,683.21. Following the completion of the sale, the director now directly owns 12,215 shares of the company's stock, valued at approximately $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is owned by corporate insiders.

Corpay Trading Up 0.1 %

Corpay stock traded up $0.26 during mid-day trading on Tuesday, reaching $347.57. 408,516 shares of the company traded hands, compared to its average volume of 461,108. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81. The firm has a market capitalization of $24.42 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.32 and a beta of 1.25. The firm's 50 day moving average price is $364.75 and its 200 day moving average price is $349.44.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings results 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 return on equity of 41.46% and a net margin of 25.25%. On average, analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on CPAY. BMO Capital Markets raised their price objective on shares of Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Wolfe Research raised Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price objective for the company in a report on Wednesday, January 8th. Raymond James dropped their price target on Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price target 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, Morgan Stanley lifted their price objective on shares of Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $399.71.

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.