Corpay, Inc. (NYSE:CPAY) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd cut its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 18.0% in the fourth quarter, HoldingsChannel reports. The firm owned 7,433 shares of the company’s stock after selling 1,631 shares during the period. UniSuper Management Pty Ltd’s holdings in Corpay were worth $2,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Corpay by 3.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 103,660 shares of the company’s stock valued at $35,436,000 after acquiring an additional 3,017 shares in the last quarter. Korea Investment CORP grew its stake in shares of Corpay by 79.9% during the 4th quarter. Korea Investment CORP now owns 75,861 shares of the company’s stock worth $25,673,000 after purchasing an additional 33,683 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Corpay by 14.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 35,988 shares of the company’s stock valued at $12,179,000 after purchasing an additional 4,629 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Corpay by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company’s stock valued at $2,623,702,000 after purchasing an additional 120,688 shares during the period. Finally, LPL Financial LLC boosted its holdings in Corpay by 19.7% during the fourth quarter. LPL Financial LLC now owns 9,823 shares of the company’s stock worth $3,324,000 after buying an additional 1,620 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Trading Down 2.4 %

Shares of CPAY stock opened at $346.79 on Friday. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. 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 stock’s fifty day moving average is $363.75 and its two-hundred day moving average is $351.85. The firm has a market capitalization of $24.36 billion, a P/E ratio of 24.81, a PEG ratio of 1.32 and a beta of 1.25.

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

Insider Transactions at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 12,215 shares of the company’s stock, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CPAY shares. 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 report on Wednesday, January 8th. Royal Bank of Canada upped their price target on Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Raymond James dropped their price objective on Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price objective on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley increased their target price on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $399.71.

Corpay 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.