Mutual of America Capital Management LLC Sells 512 Shares of Corpay, Inc. (NYSE:CPAY)

Mutual of America Capital Management LLC lessened its stake in Corpay, Inc. (NYSE:CPAY) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,581 shares of the company’s stock after selling 512 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Corpay were worth $4,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CPAY. JPMorgan Chase & Co. increased its holdings in Corpay by 2.3% in 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 last quarter. Prana Capital Management LP bought a new stake in shares of Corpay in the third quarter worth about $31,541,000. Proficio Capital Partners LLC bought a new stake in shares of Corpay in the fourth quarter worth about $28,632,000. Swedbank AB increased its holdings in shares of Corpay by 44.9% in 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 in the last quarter. Finally, FMR LLC increased its holdings in shares of Corpay by 3.0% in the third quarter. FMR LLC now owns 2,692,847 shares of the company’s stock worth $842,215,000 after acquiring an additional 78,880 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

CPAY has been the subject of several recent analyst reports. Royal Bank of Canada increased 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. Citigroup initiated coverage on Corpay in a report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target for the company. Keefe, Bruyette & Woods increased 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. Morgan Stanley upped their price objective on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets upped their price objective on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Three equities research 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $399.71.

Corpay Stock Performance

CPAY opened at $356.91 on Thursday. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. The stock has a market cap of $25.07 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 1.32 and a beta of 1.25. The business has a 50 day moving average of $365.73 and a 200-day moving average of $347.11. 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 released its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) 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%. On average, equities research analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current year.

Insider Activity

In other 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 transaction 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 trade represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.10% of the company’s stock.

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.