Corpay, Inc. (NYSE:CPAY) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Corpay, Inc. (NYSE:CPAY) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,852 shares of the company’s stock after buying an additional 1,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Corpay were worth $6,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPAY. Creative Planning grew its position in Corpay by 26.4% during the third quarter. Creative Planning now owns 6,247 shares of the company’s stock worth $1,954,000 after buying an additional 1,305 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Corpay by 15.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,228 shares of the company’s stock valued at $6,327,000 after purchasing an additional 2,751 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Corpay by 5.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,390 shares of the company’s stock valued at $435,000 after purchasing an additional 70 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Corpay by 22.3% in the third quarter. Signaturefd LLC now owns 252 shares of the company’s stock valued at $79,000 after purchasing an additional 46 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Corpay in the third quarter valued at about $40,497,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the completion of the sale, the director now owns 12,215 shares of the company’s stock, valued at $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

CPAY has been the topic of several recent research reports. BMO Capital Markets upped their price target on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Wells Fargo & Company upped their price target on shares of Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley upped their price target on shares of Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target on the stock in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $399.71.

Corpay Stock Performance

NYSE:CPAY opened at $361.10 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. The company has a market cap of $25.17 billion, a P/E ratio of 25.83, a P/E/G ratio of 1.32 and a beta of 1.28. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The firm’s 50 day moving average is $363.03 and its two-hundred day moving average is $343.75.

Corpay (NYSE:CPAY) last released its quarterly earnings data 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 return on equity of 41.46% and a net margin of 25.25%. Analysts expect that Corpay, Inc. will post 19.76 EPS for the current year.

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.