Global X Japan Co. Ltd. boosted its holdings in shares of Corpay, Inc. (NYSE:CPAY – Free Report) by 348.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,313 shares of the company’s stock after buying an additional 2,574 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Corpay were worth $997,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of CPAY. Czech National Bank boosted its position in Corpay by 2.9% during the 4th quarter. Czech National Bank now owns 18,447 shares of the company’s stock valued at $5,551,000 after acquiring an additional 512 shares in the last quarter. Pensionfund Sabic bought a new position in shares of Corpay in the 4th quarter worth $1,113,000. E. Ohman J or Asset Management AB bought a new position in shares of Corpay in the 4th quarter worth $206,000. Avanza Fonder AB purchased a new stake in shares of Corpay during the 4th quarter worth $633,000. Finally, Somerset Trust Co bought a new stake in Corpay during the fourth quarter valued at about $276,000. Institutional investors own 98.84% of the company’s stock.
Corpay Stock Up 0.4%
CPAY stock opened at $292.89 on Friday. The stock has a market capitalization of $20.49 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 0.84 and a beta of 0.80. Corpay, Inc. has a 52 week low of $252.84 and a 52 week high of $361.99. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.70. The firm has a 50 day moving average of $321.97 and a 200 day moving average of $305.27.
Insider Transactions at Corpay
In other Corpay news, CAO Alissa B. Vickery sold 1,701 shares of Corpay stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $358.65, for a total transaction of $610,063.65. Following the completion of the sale, the chief accounting officer owned 2,180 shares of the company’s stock, valued at approximately $781,857. The trade was a 43.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.04% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
CPAY has been the subject of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and issued a $378.00 target price on shares of Corpay in a report on Thursday, February 5th. Scotiabank raised shares of Corpay to a “sector outperform” rating in a research report on Monday, January 26th. Mizuho boosted their price objective on shares of Corpay from $320.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. UBS Group increased their target price on shares of Corpay from $315.00 to $380.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Finally, Cantor Fitzgerald lifted their price target on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $377.57.
Read Our Latest Stock Report on Corpay
Corpay Company Profile
Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.
Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.
See Also
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