Corpay, Inc. (NYSE:CPAY) Stock Holdings Increased by Norinchukin Bank The

Norinchukin Bank The boosted its stake in shares of Corpay, Inc. (NYSE:CPAY) by 9.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,194 shares of the company’s stock after acquiring an additional 274 shares during the period. Norinchukin Bank The’s holdings in Corpay were worth $1,081,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CPAY. Ossiam raised its stake in shares of Corpay by 2,419.8% during the 4th quarter. Ossiam now owns 34,622 shares of the company’s stock worth $11,717,000 after purchasing an additional 33,248 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in Corpay by 368.9% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,830 shares of the company’s stock valued at $1,635,000 after acquiring an additional 3,800 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Corpay by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 779,288 shares of the company’s stock valued at $263,722,000 after acquiring an additional 42,945 shares during the last quarter. First Trust Advisors LP grew its position in Corpay by 36.5% in the fourth quarter. First Trust Advisors LP now owns 79,514 shares of the company’s stock worth $26,909,000 after acquiring an additional 21,244 shares in the last quarter. Finally, GeoWealth Management LLC acquired a new position in shares of Corpay during the 4th quarter worth $188,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.10% of the stock is owned by company insiders.

Corpay Stock Performance

NYSE:CPAY opened at $298.54 on Tuesday. The firm’s 50-day moving average is $339.75 and its 200-day moving average is $351.92. The company has a market cap of $20.97 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 1.32 and a beta of 1.11. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81.

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

Analyst Ratings Changes

CPAY has been the subject of a number of recent research reports. Barclays decreased their price objective on shares of Corpay from $440.00 to $400.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Morgan Stanley upped their price target on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Wells Fargo & Company raised their price objective on Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Royal Bank of Canada upped their target price on Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Finally, Wolfe Research upgraded shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective for the company in a research note on Wednesday, January 8th. Three investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.38.

Corpay Company 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.