Tealwood Asset Management Inc. Has $1.42 Million Stock Position in Corpay, Inc. (NYSE:CPAY)

Tealwood Asset Management Inc. raised its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,197 shares of the company’s stock after buying an additional 30 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Corpay were worth $1,420,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in Corpay during the 3rd quarter valued at $40,497,000. JPMorgan Chase & Co. increased 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 purchasing an additional 120,578 shares during the period. Prana Capital Management LP acquired a new position in shares of Corpay during the third quarter valued at about $31,541,000. FMR LLC lifted its stake in shares of 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 buying an additional 78,880 shares during the period. Finally, Dimensional Fund Advisors LP grew 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 worth $191,497,000 after buying an additional 70,408 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Corpay news, Director Joseph W. Farrelly sold 2,975 shares of the company’s stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction that occurred on 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 owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This represents a 81.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CPAY. Barclays raised their price objective on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Citigroup lifted their price target on shares of Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target on the stock in a report on Wednesday, January 8th. BMO Capital Markets raised their price objective on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company upped their target price on shares of Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $377.50.

Corpay Stock Performance

Corpay stock opened at $352.90 on Tuesday. The stock has a 50-day simple moving average of $358.56 and a 200 day simple moving average of $323.91. The stock has a market capitalization of $24.60 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $385.30.

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.