111 Capital Buys Shares of 4,753 Corpay, Inc. (NYSE:CPAY)

111 Capital purchased a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,753 shares of the company's stock, valued at approximately $1,609,000.

Other hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its position in shares of Corpay by 16.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock worth $69,000 after acquiring an additional 29 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Corpay by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock valued at $2,018,000 after purchasing an additional 30 shares in the last quarter. IFP Advisors Inc lifted its position in Corpay by 2.7% in the fourth quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock worth $390,000 after purchasing an additional 30 shares during the period. Lake Street Advisors Group LLC lifted its position in Corpay by 3.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock worth $318,000 after purchasing an additional 32 shares during the period. Finally, Y.D. More Investments Ltd increased its holdings in Corpay by 7.7% in the 4th quarter. Y.D. More Investments Ltd now owns 461 shares of the company's stock valued at $156,000 after buying an additional 33 shares during the period. 98.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CPAY has been the subject of a number of analyst reports. Raymond James reaffirmed an "outperform" rating and set a $414.00 price objective (down from $417.00) on shares of Corpay in a report on Wednesday, May 7th. Wells Fargo & Company decreased their price objective on Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada increased their target price on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Oppenheimer initiated coverage on Corpay in a research report on Monday, April 28th. They set a "market perform" rating for the company. Finally, Barclays lowered their price target 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Corpay presently has a consensus rating of "Moderate Buy" and a consensus target price of $395.07.

Corpay Price Performance

Shares of CPAY stock traded down $4.67 during trading hours on Friday, reaching $324.94. 906,379 shares of the company were exchanged, compared to its average volume of 481,411. 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 company has a market cap of $22.91 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 1.32 and a beta of 0.98. The stock's fifty day moving average is $325.76 and its two-hundred day moving average is $349.52. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81.

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, beating analysts' consensus estimates of $4.50 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Corpay had a return on equity of 41.46% and a net margin of 25.25%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $4.10 EPS. Sell-side analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

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.