Swedbank AB Has $58.21 Million Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Swedbank AB increased its position in shares of Corpay, Inc. (NYSE:CPAY) by 46.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 186,117 shares of the company’s stock after buying an additional 58,900 shares during the quarter. Swedbank AB owned about 0.27% of Corpay worth $58,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CPAY. Albion Financial Group UT acquired a new stake in Corpay in the 3rd quarter valued at $27,000. LGT Financial Advisors LLC acquired a new stake in shares of Corpay in the 2nd quarter worth about $33,000. Blue Trust Inc. lifted its position in Corpay by 246.2% in the 2nd quarter. Blue Trust Inc. now owns 135 shares of the company’s stock valued at $36,000 after acquiring an additional 96 shares in the last quarter. Innealta Capital LLC acquired a new position in Corpay during the 2nd quarter valued at about $36,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Corpay during the 2nd quarter worth approximately $40,000. Institutional investors own 98.84% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Alissa B. Vickery sold 8,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total value of $2,960,320.00. Following the transaction, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This represents a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction on Wednesday, November 13th. The stock was 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 owns 10,530 shares in the company, valued at $3,950,645.40. This trade represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

Corpay Price Performance

Shares of NYSE CPAY opened at $379.87 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. Corpay, Inc. has a fifty-two week low of $230.68 and a fifty-two week high of $380.00. The stock has a market cap of $26.48 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21. The stock has a fifty day moving average of $338.38 and a 200-day moving average of $301.21.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CPAY shares. Wells Fargo & Company raised their target price on Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Raymond James lowered their target price on shares of Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. BMO Capital Markets upped their price objective on shares of Corpay from $350.00 to $390.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Corpay has a consensus rating of “Moderate Buy” and an average target price of $363.93.

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.