Banco Bilbao Vizcaya Argentaria S.A. Sells 5,690 Shares of Corpay, Inc. (NYSE:CPAY)

Banco Bilbao Vizcaya Argentaria S.A. lessened its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,024 shares of the company's stock after selling 5,690 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned about 0.05% of Corpay worth $12,204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Corpay by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock worth $2,623,702,000 after purchasing an additional 120,688 shares during the period. Price T Rowe Associates Inc. MD increased its position in Corpay by 20.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock valued at $1,976,651,000 after acquiring an additional 1,000,699 shares during the last quarter. JPMorgan Chase & Co. lifted 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 acquiring an additional 120,578 shares during the period. Boston Partners boosted its position in Corpay by 6.4% in the fourth quarter. Boston Partners now owns 2,045,398 shares of the company's stock worth $694,847,000 after purchasing an additional 122,380 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of Corpay by 1.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company's stock valued at $659,890,000 after purchasing an additional 20,937 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insiders Place Their Bets

In other Corpay news, Director Richard Macchia sold 2,427 shares of the stock in a transaction 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 sale, the director now owns 12,215 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 6.10% of the company's stock.

Corpay Trading Down 1.5 %

Shares of CPAY traded down $4.90 during mid-day trading on Wednesday, reaching $319.35. 131,755 shares of the company's stock traded hands, compared to its average volume of 483,608. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The stock's 50-day moving average is $332.82 and its two-hundred day moving average is $351.07. 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 $22.43 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.32 and a beta of 1.11.

Corpay (NYSE:CPAY - Get Free Report) last released its 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 return on equity of 41.46% and a net margin of 25.25%. Research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CPAY shares. Morgan Stanley raised their price objective on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Royal Bank of Canada increased their price objective on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Oppenheimer began coverage on Corpay in a research note on Monday. They issued a "market perform" rating for the company. Wells Fargo & Company lowered their target price on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, Citigroup assumed coverage on shares of Corpay in a report on Tuesday, January 14th. They set a "buy" rating and a $430.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Corpay currently has an average rating of "Moderate Buy" and a consensus target price of $397.62.

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.