Oregon Public Employees Retirement Fund Has $2.02 Million Stock Position in Corpay, Inc. (NYSE:CPAY)

Oregon Public Employees Retirement Fund lifted its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,963 shares of the company’s stock after buying an additional 30 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Corpay were worth $2,018,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC increased its holdings in Corpay by 16.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock worth $69,000 after purchasing an additional 29 shares in the last quarter. Tealwood Asset Management Inc. increased its holdings in Corpay by 0.7% in the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company’s stock worth $1,420,000 after purchasing an additional 30 shares in the last quarter. IFP Advisors Inc increased its holdings in Corpay by 2.7% in the 4th quarter. IFP Advisors Inc now owns 1,151 shares of the company’s stock worth $390,000 after purchasing an additional 30 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in Corpay by 3.5% in the 4th quarter. Lake Street Advisors Group LLC now owns 939 shares of the company’s stock worth $318,000 after purchasing an additional 32 shares in the last quarter. Finally, Y.D. More Investments Ltd increased its holdings in Corpay by 7.7% in the 4th quarter. Y.D. More Investments Ltd now owns 461 shares of the company’s stock worth $156,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CPAY has been the subject of a number of recent research reports. Royal Bank of Canada upped their target price on Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. BMO Capital Markets upped their target price on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Wells Fargo & Company increased their price target on Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Morgan Stanley increased their price target on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Wolfe Research raised Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target for the company in a research note on Wednesday, January 8th. Three 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $399.71.

Corpay Stock Up 0.7 %

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

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, February 5th. The company reported $4.96 EPS 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%. Equities research analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Insiders Place Their Bets

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