Corpay, Inc. (NYSE:CPAY) Shares Purchased by Banco Santander S.A.

Banco Santander S.A. raised its position in Corpay, Inc. (NYSE:CPAY) by 64.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,513 shares of the company’s stock after purchasing an additional 1,377 shares during the quarter. Banco Santander S.A.’s holdings in Corpay were worth $1,189,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Camden National Bank boosted its holdings in Corpay by 5.9% in the 4th quarter. Camden National Bank now owns 802 shares of the company’s stock valued at $271,000 after purchasing an additional 45 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Corpay in the 4th quarter valued at about $14,557,000. Machina Capital S.A.S. acquired a new position in Corpay in the 4th quarter valued at about $593,000. Raymond James Financial Inc. acquired a new position in Corpay in the 4th quarter valued at about $134,950,000. Finally, Verdence Capital Advisors LLC boosted its holdings in Corpay by 1.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 19,701 shares of the company’s stock valued at $6,667,000 after purchasing an additional 336 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $375.23, for a total transaction of $910,683.21. Following the completion of the transaction, the director now 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 legal filing with the SEC, which is available at this link. 6.10% of the stock is currently owned by company insiders.

Corpay Price Performance

Shares of CPAY opened at $335.78 on Monday. 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, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The company has a market cap of $23.59 billion, a P/E ratio of 24.02, a PEG ratio of 1.32 and a beta of 1.25. The firm’s 50 day moving average price is $365.56 and its 200 day moving average price is $348.15.

Corpay (NYSE:CPAY) last posted its quarterly 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 return on equity of 41.46% and a net margin of 25.25%. On average, research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CPAY shares. Morgan Stanley boosted their price target on shares of Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price target 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. BMO Capital Markets boosted their price target on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. 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 research note on Wednesday, January 8th. Finally, Royal Bank of Canada boosted 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. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.