Czech National Bank Has $5.12 Million Stake in Corpay, Inc. (NYSE:CPAY)

Czech National Bank increased its stake in shares of Corpay, Inc. (NYSE:CPAY) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,115 shares of the company’s stock after buying an additional 971 shares during the quarter. Czech National Bank’s holdings in Corpay were worth $5,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in Corpay during the third quarter worth about $40,497,000. JPMorgan Chase & Co. lifted its holdings in shares of Corpay by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock worth $1,653,659,000 after acquiring an additional 120,578 shares during the period. Prana Capital Management LP acquired a new stake in shares of Corpay during the 3rd quarter worth approximately $31,541,000. FMR LLC increased its stake in Corpay by 3.0% in the third quarter. FMR LLC now owns 2,692,847 shares of the company’s stock valued at $842,215,000 after acquiring an additional 78,880 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Corpay by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 718,752 shares of the company’s stock valued at $191,497,000 after purchasing an additional 70,408 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

CPAY has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Wolfe Research upgraded shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group lifted their price target on shares of Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Citigroup assumed coverage on shares of Corpay in a research note on Tuesday. They issued a “buy” rating and a $430.00 price objective for the company. Finally, Barclays boosted their target price on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Corpay currently has an average rating of “Moderate Buy” and an average target price of $377.50.

Corpay Trading Up 1.2 %

Shares of Corpay stock opened at $362.57 on Thursday. The stock has a market capitalization of $25.28 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $385.30. The stock has a 50 day moving average price of $359.11 and a two-hundred day moving average price of $324.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05.

Insider Activity at Corpay

In other Corpay news, Director Joseph W. Farrelly sold 2,975 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. This trade represents a 22.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the sale, the chief accounting officer now directly owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.

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.