Dakota Wealth Management Purchases Shares of 675 Corpay, Inc. (NYSE:CPAY)

Dakota Wealth Management acquired a new position in Corpay, Inc. (NYSE:CPAY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 675 shares of the company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in Corpay by 68.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,966 shares of the company’s stock worth $1,342,000 after purchasing an additional 1,611 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Corpay by 70.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,989 shares of the company’s stock worth $1,689,000 after purchasing an additional 2,059 shares during the last quarter. Artemis Investment Management LLP purchased a new position in shares of Corpay in the fourth quarter worth $3,872,000. Ameritas Advisory Services LLC bought a new stake in Corpay during the 4th quarter valued at $533,000. Finally, Brooklyn Investment Group raised its holdings in Corpay by 43.4% during the 4th quarter. Brooklyn Investment Group now owns 218 shares of the company’s stock valued at $74,000 after buying an additional 66 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total value of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,797 shares in the company, valued at $664,961.88. The trade was a 81.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the transaction, the director now directly owns 10,530 shares in the company, valued at $3,950,645.40. This trade represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Corpay Stock Performance

Corpay stock opened at $378.90 on Monday. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $385.30. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $26.41 billion, a P/E ratio of 27.03, a PEG ratio of 1.26 and a beta of 1.26. The stock’s 50 day moving average is $360.45 and its 200 day moving average is $329.97.

Corpay (NYSE:CPAY) last released its earnings results on Thursday, November 7th. The company reported $4.72 EPS for the quarter, topping analysts’ consensus estimates of $4.67 by $0.05. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Corpay had a return on equity of 39.44% and a net margin of 26.14%. During the same period in the prior year, the firm posted $4.20 earnings per share. On average, equities research analysts predict that Corpay, Inc. will post 17.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

CPAY has been the topic of a number of analyst reports. Jefferies Financial Group boosted their price objective on shares of Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Citigroup began coverage on Corpay in a report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target on the stock. Keefe, Bruyette & Woods dropped their price objective on Corpay from $425.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, January 6th. BMO Capital Markets boosted their target price on Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Bank of America raised their price target on Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Three research 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $381.43.

Corpay 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.