D.A. Davidson & CO. Buys Shares of 1,034 Corpay, Inc. (NYSE:CPAY)

D.A. Davidson & CO. bought a new stake in Corpay, Inc. (NYSE:CPAY) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,034 shares of the company’s stock, valued at approximately $350,000.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Corpay by 2.3% during the 3rd 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 in the last quarter. FMR LLC boosted its holdings in shares of Corpay by 3.0% during the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company’s stock valued at $842,215,000 after acquiring an additional 78,880 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Corpay by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,677,899 shares of the company’s stock valued at $523,061,000 after acquiring an additional 23,275 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Corpay by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,477 shares of the company’s stock valued at $143,393,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in Corpay by 2.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 357,397 shares of the company’s stock worth $111,779,000 after purchasing an additional 8,378 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Price Performance

Shares of NYSE CPAY opened at $371.71 on Thursday. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The stock’s 50 day moving average price is $364.05 and its 200-day moving average price is $344.55. The company has a market capitalization of $25.91 billion, a PE ratio of 26.59, a PEG ratio of 1.32 and a beta of 1.28. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66.

Corpay (NYSE:CPAY) last announced 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%. On average, equities analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Analyst Ratings Changes

CPAY has been the subject of several analyst reports. BMO Capital Markets raised their target price on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Citigroup initiated coverage on Corpay in a research report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 target price for the company. Morgan Stanley boosted their target price on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price target on Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Raymond James cut their price target on Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.71.

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction that occurred on 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 approximately $4,583,434.45. The trade was a 16.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is currently owned by insiders.

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.