Deutsche Bank AG Has $88.81 Million Holdings in Corpay, Inc. (NYSE:CPAY)

Deutsche Bank AG raised its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 41.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 262,415 shares of the company's stock after buying an additional 76,529 shares during the period. Deutsche Bank AG owned about 0.38% of Corpay worth $88,806,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Corpay by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock worth $2,623,702,000 after acquiring an additional 120,688 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Corpay by 20.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock worth $1,976,651,000 after purchasing an additional 1,000,699 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Corpay by 2.3% during the third 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 last quarter. Boston Partners increased its stake in shares of Corpay by 6.4% in the fourth quarter. Boston Partners now owns 2,045,398 shares of the company's stock valued at $694,847,000 after buying an additional 122,380 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Corpay by 1.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company's stock valued at $659,890,000 after buying an additional 20,937 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Corpay Price Performance

CPAY opened at $327.13 on Monday. The company has a fifty day moving average price of $326.84 and a two-hundred day moving average price of $349.94. The firm has a market capitalization of $22.98 billion, a PE ratio of 23.40, a P/E/G ratio of 1.32 and a beta of 0.98. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $400.81. 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 (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, topping analysts' consensus estimates of $4.50 by $0.01. Corpay had a return on equity of 41.46% and a net margin of 25.25%. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the firm earned $4.10 earnings per share. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current year.

Analysts Set New Price Targets

CPAY has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Morgan Stanley upped their target price on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods raised their price target on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Oppenheimer began coverage on shares of Corpay in a research report on Monday, April 28th. They issued a "market perform" rating for the company. Finally, Barclays decreased their price objective on Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Corpay has a consensus rating of "Moderate Buy" and an average 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.

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