Dynasty Wealth Management LLC Has $1.98 Million Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Dynasty Wealth Management LLC grew its holdings in Corpay, Inc. (NYSE:CPAY) by 27.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,848 shares of the company’s stock after purchasing an additional 1,259 shares during the period. Dynasty Wealth Management LLC’s holdings in Corpay were worth $1,979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CPAY. JPMorgan Chase & Co. increased its position in shares of Corpay by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock valued at $1,653,659,000 after purchasing an additional 120,578 shares during the period. Prana Capital Management LP bought a new position in shares of Corpay in the third quarter valued at about $31,541,000. Proficio Capital Partners LLC acquired a new stake in shares of Corpay in the fourth quarter valued at approximately $28,632,000. Swedbank AB raised its position in shares of Corpay by 44.9% during the fourth quarter. Swedbank AB now owns 269,717 shares of the company’s stock worth $91,278,000 after acquiring an additional 83,600 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Corpay by 3.0% in the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company’s stock valued at $842,215,000 after purchasing an additional 78,880 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CPAY shares. Wells Fargo & Company increased their price target on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Royal Bank of Canada increased their price target on shares of Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research note 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 objective for the company in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods lifted their price target on Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Morgan Stanley lifted their price target on shares of Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research report 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.71.

Insider Buying and Selling at Corpay

In other 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.10% of the stock is currently owned by corporate insiders.

Corpay Trading Down 2.1 %

NYSE:CPAY opened at $364.17 on Friday. The firm has a market capitalization of $25.39 billion, a P/E ratio of 26.05, a P/E/G ratio of 1.32 and a beta of 1.28. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $400.81. The company has a fifty day moving average of $364.55 and a 200 day moving average of $344.69. 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 (NYSE:CPAY) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share 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%. On average, research analysts predict that Corpay, Inc. will post 19.76 earnings per share 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.