National Pension Service Sells 14,500 Shares of Corpay, Inc. (NYSE:CPAY)

National Pension Service lessened its position in Corpay, Inc. (NYSE:CPAY) by 13.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,942 shares of the company’s stock after selling 14,500 shares during the quarter. National Pension Service owned about 0.14% of Corpay worth $32,130,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CPAY. Avion Wealth raised its holdings in Corpay by 1,011.1% in the 4th quarter. Avion Wealth now owns 100 shares of the company’s stock worth $33,000 after acquiring an additional 91 shares during the period. Versant Capital Management Inc raised its holdings in Corpay by 130.4% in the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 60 shares during the period. Huntington National Bank raised its holdings in Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after acquiring an additional 40 shares during the period. Quarry LP bought a new position in Corpay in the 3rd quarter worth $42,000. Finally, Spire Wealth Management bought a new position in Corpay in the 4th quarter worth $42,000. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business’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 transaction, the director now directly owns 12,215 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Wolfe Research upgraded shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company raised their price target 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. Royal Bank of Canada raised their price target on shares of Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Finally, Citigroup assumed coverage on shares of Corpay in a research report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target on the stock. Three investment 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $399.71.

Corpay Price Performance

Shares of Corpay stock opened at $366.99 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The firm’s 50-day simple moving average is $365.02 and its 200-day simple moving average is $345.30. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The firm has a market cap of $25.58 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28.

Corpay (NYSE:CPAY) last released 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 net margin of 25.25% and a return on equity of 41.46%. As a group, research analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

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.