Jefferies Financial Group Inc. Makes New $3.29 Million Investment in Corpay, Inc. (NYSE:CPAY)

Jefferies Financial Group Inc. purchased a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,706 shares of the company's stock, valued at approximately $3,285,000.

Other large investors have also modified their holdings of the company. Avion Wealth lifted its position in shares of Corpay by 1,011.1% during the fourth quarter. Avion Wealth now owns 100 shares of the company's stock worth $33,000 after purchasing an additional 91 shares during the last quarter. Colonial Trust Co SC lifted its position in shares of Corpay by 120.5% during the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company's stock worth $33,000 after purchasing an additional 53 shares during the last quarter. Spire Wealth Management bought a new position in shares of Corpay during the fourth quarter worth about $42,000. Assetmark Inc. lifted its position in shares of Corpay by 93.8% during the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after purchasing an additional 60 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of Corpay during the fourth quarter worth about $43,000. Institutional investors own 98.84% of the company's stock.

Corpay Price Performance

Shares of NYSE CPAY traded up $1.43 during mid-day trading on Friday, reaching $348.64. 436,922 shares of the company traded hands, compared to its average volume of 481,622. 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. The firm has a market cap of $24.49 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. The stock has a fifty day simple moving average of $327.74 and a 200-day simple moving average of $350.11.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, beating analysts' consensus estimates of $4.50 by $0.01. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned $4.10 earnings per share. The business's revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Oppenheimer assumed coverage on shares of Corpay in a research report on Monday, April 28th. They set a "market perform" rating on the stock. UBS Group cut their target price on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Barclays cut their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Keefe, Bruyette & Woods raised their target price on shares of Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, Raymond James reissued an "outperform" rating and issued a $414.00 target price (down previously from $417.00) on shares of Corpay in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $395.07.

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.