Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Holdings in Corpay, Inc. (NYSE:CPAY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in Corpay, Inc. (NYSE:CPAY) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,823 shares of the company’s stock after selling 292 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Corpay were worth $5,016,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CPAY. Exchange Traded Concepts LLC boosted its position in shares of Corpay by 16.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock worth $69,000 after buying an additional 29 shares during the period. Tealwood Asset Management Inc. boosted its position in shares of Corpay by 0.7% during the fourth 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 period. Oregon Public Employees Retirement Fund boosted its position in shares of Corpay by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company’s stock worth $2,018,000 after buying an additional 30 shares during the period. IFP Advisors Inc boosted its position in shares of Corpay by 2.7% during the fourth quarter. IFP Advisors Inc now owns 1,151 shares of the company’s stock worth $390,000 after buying an additional 30 shares during the period. Finally, Lake Street Advisors Group LLC boosted its position in shares of Corpay by 3.5% during the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company’s stock worth $318,000 after buying an additional 32 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay Stock Down 1.6 %

Corpay stock opened at $347.12 on Friday. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $400.81. 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 stock has a market cap of $24.38 billion, a PE ratio of 24.83, a P/E/G ratio of 1.32 and a beta of 1.25. The stock’s fifty day moving average is $364.50 and its two-hundred day moving average is $350.17.

Corpay (NYSE:CPAY) last posted its 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%. On average, sell-side analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Insider Transactions at Corpay

In other news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the sale, the director now owns 12,215 shares in the company, valued at approximately $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CPAY shares. Wells Fargo & Company raised their price target on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. BMO Capital Markets lifted their target price on Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Raymond James decreased their target price on Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a 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 report on Thursday, February 6th. Finally, 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, February 6th. Three 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.