Kentucky Retirement Systems Has $1.62 Million Holdings in Corpay, Inc. (NYSE:CPAY)

Kentucky Retirement Systems lessened its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,771 shares of the company’s stock after selling 66 shares during the period. Kentucky Retirement Systems’ holdings in Corpay were worth $1,615,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CPAY. International Assets Investment Management LLC acquired a new stake in shares of Corpay during the 3rd quarter worth approximately $40,497,000. JPMorgan Chase & Co. boosted its position in shares of Corpay by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock worth $1,653,659,000 after acquiring an additional 120,578 shares in the last quarter. Prana Capital Management LP acquired a new stake in shares of Corpay during the 3rd quarter worth approximately $31,541,000. Swedbank AB boosted its position in shares of Corpay by 44.9% during the 4th quarter. Swedbank AB now owns 269,717 shares of the company’s stock worth $91,278,000 after acquiring an additional 83,600 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Corpay by 3.0% during the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company’s stock worth $842,215,000 after acquiring an additional 78,880 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Price Performance

Shares of NYSE CPAY opened at $363.66 on Monday. The company has a market capitalization of $25.35 billion, a PE ratio of 26.01, a P/E/G ratio of 1.32 and a beta of 1.28. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The firm has a fifty day simple moving average of $362.96 and a 200 day simple moving average of $343.22.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share 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, sell-side analysts forecast that Corpay, Inc. will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Raymond James dropped their price objective on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company increased their price objective on shares of Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Citigroup assumed coverage on shares of Corpay in a research note on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price objective for the company. Barclays increased their price objective on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, BMO Capital Markets increased their price objective 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. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.71.

Insider Buying and Selling at Corpay

In related news, Director Richard Macchia sold 2,427 shares of the business’s stock in a transaction 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 transaction, the director now owns 12,215 shares in the company, valued at $4,583,434.45. The trade was a 16.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.