Securian Asset Management Inc. Has $1.25 Million Position in Corpay, Inc. (NYSE:CPAY)

Securian Asset Management Inc. reduced its stake in Corpay, Inc. (NYSE:CPAY) by 3.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,699 shares of the company’s stock after selling 114 shares during the quarter. Securian Asset Management Inc.’s holdings in Corpay were worth $1,252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Knuff & Co LLC acquired a new position in shares of Corpay in the fourth quarter valued at $54,000. EverSource Wealth Advisors LLC grew its holdings in shares of Corpay by 70.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company’s stock worth $45,000 after purchasing an additional 55 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Corpay by 9.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,524 shares of the company’s stock worth $516,000 after purchasing an additional 134 shares during the last quarter. Vista Investment Partners II LLC bought a new stake in shares of Corpay during the fourth quarter worth $891,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Corpay by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,984 shares of the company’s stock valued at $3,040,000 after acquiring an additional 641 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Up 3.0 %

CPAY stock opened at $338.14 on Friday. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. The stock’s 50 day moving average is $364.64 and its 200-day moving average is $348.54. The firm has a market capitalization of $23.75 billion, a PE ratio of 24.19, a P/E/G ratio of 1.32 and a beta of 1.25.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 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%. Sell-side analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction on Monday, February 10th. The stock was 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 owns 12,215 shares of the company’s stock, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Raymond James dropped their price target on Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada lifted their target price on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods lifted their target price on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Citigroup initiated coverage on Corpay in a research note on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target for the company. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.