Mizuho Securities USA LLC Has $14.04 Million Holdings in Corpay, Inc. (NYSE:CPAY)

Mizuho Securities USA LLC boosted its position in Corpay, Inc. (NYSE:CPAY) by 728.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 44,889 shares of the company’s stock after purchasing an additional 39,468 shares during the period. Mizuho Securities USA LLC’s holdings in Corpay were worth $14,039,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of Corpay during the 1st quarter valued at $2,431,089,000. Price T Rowe Associates Inc. MD bought a new position in shares of Corpay during the 1st quarter worth about $1,355,377,000. Boston Partners acquired a new stake in shares of Corpay in the 1st quarter valued at about $553,667,000. Third Point LLC acquired a new position in Corpay during the 1st quarter worth approximately $200,551,000. Finally, American Century Companies Inc. boosted its holdings in Corpay by 1,734.1% in the second quarter. American Century Companies Inc. now owns 400,662 shares of the company’s stock worth $106,740,000 after acquiring an additional 378,817 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank of America boosted their price objective on Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Raymond James reduced their price objective on shares of Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. Jefferies Financial Group lifted their price target on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays increased their price objective on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Four 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $363.93.

Corpay Stock Down 1.9 %

CPAY opened at $363.36 on Friday. Corpay, Inc. has a twelve month low of $230.68 and a twelve month high of $375.98. The company’s 50-day moving average price is $331.97 and its two-hundred day moving average price is $298.75. The stock has a market cap of $25.33 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.44 and a beta of 1.21. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.69.

Insider Activity at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction dated Wednesday, November 13th. The stock was 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. This trade represents a 22.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is owned by company insiders.

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.