Toronto Dominion Bank Purchases 13,854 Shares of Corpay, Inc. (NYSE:CPAY)

Toronto Dominion Bank lifted its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 60.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,808 shares of the company's stock after acquiring an additional 13,854 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Corpay worth $12,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Corpay by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock worth $1,653,659,000 after acquiring an additional 120,578 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Corpay by 16.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock worth $69,000 after acquiring an additional 29 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in Corpay in the fourth quarter worth approximately $269,000. Blue Trust Inc. increased its holdings in Corpay by 63.6% in the fourth quarter. Blue Trust Inc. now owns 882 shares of the company's stock worth $276,000 after purchasing an additional 343 shares in the last quarter. Finally, KBC Group NV increased its holdings in Corpay by 15.7% in the fourth quarter. KBC Group NV now owns 14,393 shares of the company's stock worth $4,870,000 after purchasing an additional 1,951 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CPAY shares. Morgan Stanley lifted their target price on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Raymond James reiterated an "outperform" rating and issued a $414.00 price objective (down previously from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. UBS Group lowered their price objective on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Oppenheimer started coverage on shares of Corpay in a research note on Monday, April 28th. They issued a "market perform" rating for the company. Finally, Royal Bank of Canada lifted 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. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Corpay currently has an average rating of "Moderate Buy" and a consensus target price of $395.07.

Corpay Stock Down 0.9%

Shares of NYSE:CPAY traded down $2.99 during midday trading on Monday, hitting $322.12. 646,841 shares of the company's stock were exchanged, compared to its average volume of 481,247. 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 has a 50 day moving average price of $324.37 and a 200-day moving average price of $348.60. The company has a market cap of $22.71 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, topping analysts' consensus estimates of $4.50 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Corpay had a return on equity of 41.46% and a net margin of 25.25%. The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.10 EPS. On average, sell-side analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

About Corpay

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.