State of Alaska Department of Revenue Decreases Position in Corpay, Inc. (NYSE:CPAY)

State of Alaska Department of Revenue trimmed its holdings in Corpay, Inc. (NYSE:CPAY) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,207 shares of the company’s stock after selling 115 shares during the period. State of Alaska Department of Revenue’s holdings in Corpay were worth $10,222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of CPAY. Exchange Traded Concepts LLC raised its holdings in Corpay by 16.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock valued at $69,000 after acquiring an additional 29 shares during the last quarter. Tealwood Asset Management Inc. boosted its stake in Corpay by 0.7% in the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company’s stock worth $1,420,000 after buying an additional 30 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in Corpay by 7.7% in the 4th quarter. Y.D. More Investments Ltd now owns 461 shares of the company’s stock valued at $156,000 after buying an additional 33 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Corpay by 22.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company’s stock valued at $58,000 after acquiring an additional 34 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Corpay by 21.2% during the 3rd quarter. Mather Group LLC. now owns 200 shares of the company’s stock worth $63,000 after acquiring an additional 35 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Corpay

In other news, Director Joseph W. Farrelly sold 2,975 shares of the business’s stock in a transaction dated 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 sale, the director now owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. The trade was a 22.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Alissa B. Vickery sold 8,000 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 1,797 shares in the company, valued at approximately $664,961.88. This trade represents a 81.66 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

Corpay Trading Up 0.2 %

NYSE CPAY opened at $389.35 on Friday. The company’s fifty day simple moving average is $361.54 and its 200-day simple moving average is $335.21. The stock has a market cap of $27.14 billion, a P/E ratio of 27.77, a PEG ratio of 1.30 and a beta of 1.28. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $400.81. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69.

Corpay (NYSE:CPAY) last posted its quarterly earnings data 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 net margin of 26.14% and a return on equity of 39.44%. Equities research analysts predict that Corpay, Inc. will post 17.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Raymond James dropped their price target on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research report on Thursday. Wells Fargo & Company upped their price objective on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley lifted their target price on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a report on Thursday. Royal Bank of Canada upped their price target on Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Citigroup assumed coverage on Corpay in a report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price objective on the stock. 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 stock. According to MarketBeat.com, Corpay currently has an average rating of “Moderate Buy” and an average price target of $399.71.

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.