Fuller & Thaler Asset Management Inc. Raises Stock Position in Corpay, Inc. (NYSE:CPAY)

Fuller & Thaler Asset Management Inc. increased its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 206.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,647 shares of the company's stock after buying an additional 2,455 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Corpay were worth $1,234,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Exchange Traded Concepts LLC increased its stake in Corpay by 16.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock worth $69,000 after purchasing an additional 29 shares during the period. Tealwood Asset Management Inc. increased its stake in Corpay by 0.7% in the fourth quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company's stock worth $1,420,000 after purchasing an additional 30 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Corpay by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock worth $2,018,000 after purchasing an additional 30 shares during the period. IFP Advisors Inc increased its stake in Corpay by 2.7% in the fourth quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock worth $390,000 after purchasing an additional 30 shares during the period. Finally, Lake Street Advisors Group LLC increased its stake in Corpay by 3.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock worth $318,000 after purchasing an additional 32 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Corpay Stock Down 0.3 %

NYSE:CPAY traded down $0.96 during midday trading on Thursday, reaching $324.41. 153,594 shares of the stock traded hands, compared to its average volume of 484,671. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. The business has a 50-day moving average of $332.06 and a two-hundred day moving average of $350.90. 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 has a market capitalization of $22.79 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11.

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

Insider Transactions at Corpay

In other news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction on Monday, February 10th. The shares were sold at an average price of $375.23, for a total transaction of $910,683.21. Following the completion of the sale, the director now directly owns 12,215 shares in the company, valued at approximately $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Raymond James reduced their target price on Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Citigroup started coverage on Corpay in a report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price objective for the company. Barclays dropped their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Wells Fargo & Company lowered their price target on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $397.62.

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.