Highview Capital Management LLC DE Acquires Shares of 4,735 Corpay, Inc. (NYSE:CPAY)

Highview Capital Management LLC DE bought a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,735 shares of the company's stock, valued at approximately $1,651,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Corpay by 9.9% during the 1st quarter. GAMMA Investing LLC now owns 1,605 shares of the company's stock valued at $560,000 after buying an additional 145 shares during the period. Aviso Financial Inc. purchased a new stake in shares of Corpay during the 4th quarter valued at approximately $151,000. Park Avenue Securities LLC raised its position in shares of Corpay by 15.2% during the 1st quarter. Park Avenue Securities LLC now owns 1,898 shares of the company's stock valued at $662,000 after buying an additional 250 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Corpay by 9.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,913 shares of the company's stock valued at $1,016,000 after buying an additional 246 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Corpay by 19.5% during the 4th quarter. Cetera Investment Advisers now owns 3,513 shares of the company's stock valued at $1,189,000 after buying an additional 574 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPAY has been the topic of a number of research analyst reports. Robert W. Baird set a $440.00 target price on Corpay in a research report on Tuesday, June 10th. Wall Street Zen lowered Corpay from a "buy" rating to a "hold" rating in a research report on Tuesday. Wells Fargo & Company cut their target price on Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Oppenheimer initiated coverage on Corpay in a research report on Monday, April 28th. They issued a "market perform" rating on the stock. Finally, Raymond James Financial reissued an "outperform" rating and issued a $414.00 target price (down previously from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $401.86.

Corpay Stock Up 0.1%

NYSE:CPAY traded up $0.43 during trading hours on Tuesday, hitting $332.55. The company's stock had a trading volume of 312,421 shares, compared to its average volume of 477,476. The stock has a market capitalization of $23.44 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95. The stock has a fifty day moving average of $332.35 and a 200-day moving average of $342.57. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.69. Corpay, Inc. has a 52-week low of $265.06 and a 52-week high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $4.51 EPS 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 analyst estimates of $1.02 billion. Corpay had a return on equity of 41.61% and a net margin of 25.15%. Corpay's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.10 earnings per share. On average, equities analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current 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.