Corpay, Inc. (NYSE:CPAY) Shares Purchased by KBC Group NV

KBC Group NV grew its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,393 shares of the company’s stock after purchasing an additional 1,951 shares during the quarter. KBC Group NV’s holdings in Corpay were worth $4,870,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Albion Financial Group UT acquired a new position in Corpay during the third quarter worth $27,000. Versant Capital Management Inc raised its holdings in shares of Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 60 shares during the period. Huntington National Bank boosted its position in shares of Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after acquiring an additional 40 shares during the last quarter. Quarry LP purchased a new stake in shares of Corpay in the third quarter valued at about $42,000. Finally, Continuum Advisory LLC increased its position in Corpay by 47.9% during the third quarter. Continuum Advisory LLC now owns 142 shares of the company’s stock worth $44,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling

In related news, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now owns 1,797 shares in the company, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the transaction, the director now directly owns 10,530 shares in the company, valued at $3,950,645.40. This trade represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

CPAY has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Wells Fargo & Company upped their price objective on Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Bank of America raised their target price on Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods decreased their price target on Corpay from $425.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Finally, BMO Capital Markets raised 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 investment 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $381.43.

Corpay Trading Up 1.6 %

NYSE CPAY opened at $387.18 on Friday. Corpay, Inc. has a one year low of $247.10 and a one year high of $391.10. The firm has a 50 day simple moving average of $361.21 and a 200-day simple moving average of $332.07. The firm has a market cap of $26.99 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.26 and a beta of 1.26. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Thursday, November 7th. The company reported $4.72 EPS for the quarter, beating the consensus estimate of $4.67 by $0.05. Corpay had a net margin of 26.14% and a return on equity of 39.44%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $4.20 EPS. Equities research analysts anticipate that Corpay, Inc. will post 17.84 EPS for the current fiscal year.

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.