Corpay, Inc. (NYSE:CPAY) Holdings Lifted by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its holdings in Corpay, Inc. (NYSE:CPAY) by 46.8% in the 4th quarter, Holdings Channel reports. The fund owned 6,607 shares of the company’s stock after purchasing an additional 2,105 shares during the period. Mizuho Securities USA LLC’s holdings in Corpay were worth $2,236,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its position in shares of Corpay by 16.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock worth $69,000 after purchasing an additional 29 shares in the last quarter. Tealwood Asset Management Inc. lifted its position in Corpay by 0.7% in the 4th 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 in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Corpay by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company’s stock valued at $2,018,000 after buying an additional 30 shares during the period. IFP Advisors Inc grew its holdings in shares of Corpay by 2.7% during the 4th quarter. IFP Advisors Inc now owns 1,151 shares of the company’s stock valued at $390,000 after acquiring an additional 30 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its stake in shares of Corpay by 3.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company’s stock worth $318,000 after acquiring an additional 32 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Up 3.3 %

Corpay stock opened at $357.99 on Tuesday. The firm has a market cap of $25.15 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.32 and a beta of 1.25. The firm has a fifty day moving average price of $364.61 and a two-hundred day moving average price of $350.82. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week 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.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. As a group, analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current year.

Insider Activity

In other news, Director Richard Macchia sold 2,427 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $375.23, for a total transaction of $910,683.21. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CPAY has been the subject of a number of research reports. Citigroup assumed coverage on Corpay in a research report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price objective for the company. Morgan Stanley boosted their price target on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. BMO Capital Markets raised their price objective on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Keefe, Bruyette & Woods boosted their target price on shares of Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Raymond James reduced their price objective on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $399.71.

About Corpay

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.