Corpay, Inc. (NYSE:CPAY) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in Corpay, Inc. (NYSE:CPAY) by 12.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,815 shares of the company’s stock after acquiring an additional 3,362 shares during the period. Natixis Advisors LLC’s holdings in Corpay were worth $10,428,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CPAY. Exchange Traded Concepts LLC increased its stake in Corpay by 16.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock valued at $69,000 after purchasing an additional 29 shares during the last quarter. Tealwood Asset Management Inc. lifted its holdings in shares of Corpay by 0.7% during the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company’s stock worth $1,420,000 after acquiring an additional 30 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Corpay by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company’s stock worth $2,018,000 after acquiring an additional 30 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Corpay by 2.7% in the fourth quarter. IFP Advisors Inc now owns 1,151 shares of the company’s stock worth $390,000 after acquiring an additional 30 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its holdings in Corpay by 3.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company’s stock valued at $318,000 after purchasing an additional 32 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Up 1.5 %

NYSE:CPAY opened at $352.52 on Thursday. 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 company has a market capitalization of $24.76 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a one year low of $247.10 and a one year high of $400.81. The stock has a 50-day simple moving average of $364.64 and a 200 day simple moving average of $349.68.

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 net margin of 25.25% and a return on equity of 41.46%. Sell-side analysts predict that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Insider Buying and Selling at Corpay

In other news, Director Richard Macchia sold 2,427 shares of Corpay 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 completion of the transaction, the director now directly owns 12,215 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. 6.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CPAY shares. Keefe, Bruyette & Woods lifted their target price on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. BMO Capital Markets upped 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. 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 report on Thursday, January 16th. Wolfe Research upgraded Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Morgan Stanley upped their target price on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Three 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $399.71.

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.