Corpay, Inc. (NYSE:CPAY) Stock Position Lifted by Gotham Asset Management LLC

Gotham Asset Management LLC raised its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,725 shares of the company's stock after purchasing an additional 7,761 shares during the quarter. Gotham Asset Management LLC owned 0.08% of Corpay worth $19,197,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Avion Wealth grew its position in shares of Corpay by 1,011.1% in the fourth quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after purchasing an additional 91 shares during the last quarter. Colonial Trust Co SC grew its holdings 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 acquired a new position in shares of Corpay during the fourth quarter worth approximately $42,000. Assetmark Inc. boosted its position in Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after buying an additional 60 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new position in Corpay during the 4th quarter valued at about $43,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Stock Up 1.0%

Shares of NYSE:CPAY traded up $3.54 on Tuesday, hitting $353.21. 40,156 shares of the company's stock were exchanged, compared to its average volume of 483,160. The company has a market capitalization of $24.81 billion, a PE ratio of 25.27, a P/E/G ratio of 1.32 and a beta of 0.98. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $400.81. The firm's 50-day moving average is $326.69 and its 200 day moving average is $350.00.

Corpay (NYSE:CPAY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, topping the consensus estimate of $4.50 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. Corpay had a net margin of 25.25% and a return on equity of 41.46%. Corpay's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.10 EPS. Sell-side analysts predict that Corpay, Inc. will post 19.76 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group cut their price target on Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Citigroup started coverage on shares of Corpay in a report on Tuesday, January 14th. They set a "buy" rating and a $430.00 price target for the company. Royal Bank of Canada boosted their price objective on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Raymond James restated an "outperform" rating and issued a $414.00 target price (down from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods lifted 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. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Corpay has an average rating of "Moderate Buy" and a consensus target price of $395.07.

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.