KBC Group NV Boosts Stake in Corpay, Inc. (NYSE:CPAY)

KBC Group NV grew its stake in Corpay, Inc. (NYSE:CPAY) by 15.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,393 shares of the company’s stock after acquiring an additional 1,951 shares during the quarter. KBC Group NV’s holdings in Corpay were worth $4,870,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CPAY. Union Bancaire Privee UBP SA purchased a new stake in shares of Corpay during the fourth quarter valued at about $1,050,000. Blue Trust Inc. lifted its position in Corpay by 63.6% during the fourth quarter. Blue Trust Inc. now owns 882 shares of the company’s stock valued at $276,000 after acquiring an additional 343 shares during the last quarter. Vista Investment Partners LLC boosted its stake in Corpay by 2.6% in the fourth quarter. Vista Investment Partners LLC now owns 5,975 shares of the company’s stock valued at $2,022,000 after acquiring an additional 149 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in Corpay in the fourth quarter worth $269,000. Finally, Exchange Traded Concepts LLC increased 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 purchasing an additional 29 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Insider Transactions at Corpay

In other Corpay news, Director Joseph W. Farrelly sold 2,975 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the completion of the transaction, the director now directly owns 10,530 shares in the company, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the transaction, the chief accounting officer now directly owns 1,797 shares in the company, 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. Corporate insiders own 6.10% of the company’s stock.

Corpay Stock Up 1.6 %

Shares of CPAY stock opened at $387.18 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $391.10. The stock has a 50 day moving average of $361.21 and a 200 day moving average of $332.07. The stock has a market cap of $26.99 billion, a P/E ratio of 27.62, a P/E/G ratio of 1.26 and a beta of 1.26.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, November 7th. The company reported $4.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.67 by $0.05. Corpay had a net margin of 26.14% and a return on equity of 39.44%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business posted $4.20 EPS. As a group, sell-side analysts expect that Corpay, Inc. will post 17.84 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CPAY. Barclays boosted their target price on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Wells Fargo & Company upped their price objective on shares of Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Bank of America lifted their target price on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods decreased their price target on shares of Corpay from $425.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Finally, BMO Capital Markets boosted their price objective on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Three research 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.