Corpay, Inc. (NYSE:CPAY) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc boosted its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,467 shares of the company's stock after buying an additional 2,253 shares during the quarter. Ensign Peak Advisors Inc's holdings in Corpay were worth $10,311,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CPAY. Principal Financial Group Inc. boosted its stake in Corpay by 2.6% during the third quarter. Principal Financial Group Inc. now owns 86,539 shares of the company's stock worth $27,066,000 after buying an additional 2,175 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 buying an additional 120,578 shares during the period. Czech National Bank boosted its stake in Corpay by 6.9% during the fourth quarter. Czech National Bank now owns 15,115 shares of the company's stock worth $5,115,000 after buying an additional 971 shares during the period. Wedmont Private Capital boosted its stake in Corpay by 7.0% during the fourth quarter. Wedmont Private Capital now owns 1,076 shares of the company's stock worth $375,000 after buying an additional 70 shares during the period. Finally, Unique Wealth LLC purchased a new position in Corpay during the fourth quarter worth about $307,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Stock Up 0.4%

NYSE:CPAY traded up $1.43 during mid-day trading on Friday, hitting $348.64. The stock had a trading volume of 436,922 shares, compared to its average volume of 481,264. The stock has a 50-day simple moving average of $328.21 and a two-hundred day simple moving average of $350.50. The company has a market capitalization of $24.58 billion, a PE ratio of 24.94, a PEG ratio of 1.32 and a beta of 0.98. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, beating the consensus estimate of $4.50 by $0.01. The firm had revenue of $1.01 billion for 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%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $4.10 earnings per share. On average, equities research analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on CPAY. Royal Bank of Canada increased their target price on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Morgan Stanley increased their price target 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. Raymond James reissued an "outperform" rating and set a $414.00 price target (down previously from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. Barclays reduced their price target on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company reduced their price target on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. 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 company's stock. According to MarketBeat.com, Corpay has an average rating of "Moderate Buy" and an average target price 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.