Natixis Increases Stock Position in Corpay, Inc. (NYSE:CPAY)

Natixis raised its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 87.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,013 shares of the company's stock after buying an additional 939 shares during the period. Natixis' holdings in Corpay were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. MetLife Investment Management LLC boosted its holdings in Corpay by 1.1% during the 4th quarter. MetLife Investment Management LLC now owns 21,385 shares of the company's stock valued at $7,237,000 after acquiring an additional 242 shares during the period. Norinchukin Bank The boosted its stake in shares of Corpay by 9.4% in the fourth quarter. Norinchukin Bank The now owns 3,194 shares of the company's stock valued at $1,081,000 after purchasing an additional 274 shares during the period. Ossiam boosted its stake in shares of Corpay by 2,419.8% in the fourth quarter. Ossiam now owns 34,622 shares of the company's stock valued at $11,717,000 after purchasing an additional 33,248 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Corpay by 368.9% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,830 shares of the company's stock valued at $1,635,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Corpay by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 779,288 shares of the company's stock worth $263,722,000 after buying an additional 42,945 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Corpay

In other news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the sale, the director now owns 12,215 shares of the company's stock, valued at $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CPAY. Wolfe Research raised shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target for the company in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their target price on Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Oppenheimer initiated coverage on Corpay in a report on Monday. They set a "market perform" rating on the stock. Royal Bank of Canada lifted their price objective on Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Finally, Citigroup started coverage on shares of Corpay in a research note on Tuesday, January 14th. They set a "buy" rating and a $430.00 target price on the stock. Four equities 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $397.62.

Corpay Stock Up 2.1 %

Shares of Corpay stock traded up $6.58 during trading hours on Tuesday, hitting $323.44. The company had a trading volume of 180,712 shares, compared to its average volume of 482,371. 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 company's 50-day moving average is $333.71 and its two-hundred day moving average is $351.26. The company has a market cap of $22.72 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. Analysts anticipate that Corpay, Inc. will post 19.76 earnings per share 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.