7,588 Shares in Corpay, Inc. $CPAY Acquired by Peak Financial Advisors LLC

Key Points

• Peak Financial Advisors LLC acquired 7,588 shares of Corpay, Inc. ($CPAY), valued at approximately $2.5 million, making it the 23rd biggest holding in their portfolio.
• Corpay's stock has seen a fluctuation with a 52-week range between $269.02 and $400.81, currently priced at $307.41.
• The company reported $5.13 EPS for the last quarter, slightly beating analyst expectations, with revenues increasing by 12.9% compared to the previous year.

Peak Financial Advisors LLC purchased a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,588 shares of the company's stock, valued at approximately $2,518,000. Corpay makes up 1.3% of Peak Financial Advisors LLC's holdings, making the stock its 23rd biggest holding.

A number of other large investors have also added to or reduced their stakes in the stock. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Corpay during the first quarter worth approximately $1,057,000. Swedbank AB grew its position in Corpay by 1.1% during the first quarter. Swedbank AB now owns 272,817 shares of the company's stock worth $95,137,000 after buying an additional 3,100 shares in the last quarter. First Hawaiian Bank grew its position in Corpay by 16.6% during the first quarter. First Hawaiian Bank now owns 7,696 shares of the company's stock worth $2,684,000 after buying an additional 1,095 shares in the last quarter. Strs Ohio acquired a new stake in Corpay during the first quarter worth approximately $25,928,000. Finally, Intech Investment Management LLC grew its position in Corpay by 30.4% during the first quarter. Intech Investment Management LLC now owns 3,341 shares of the company's stock worth $1,165,000 after buying an additional 778 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

CPAY has been the topic of a number of analyst reports. Robert W. Baird set a $440.00 price target on Corpay in a research report on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Corpay in a research report on Thursday, July 17th. They set a "buy" rating and a $390.00 price target on the stock. UBS Group cut their target price on Corpay from $365.00 to $340.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Morgan Stanley cut their target price on Corpay from $360.00 to $356.00 and set an "equal weight" rating for the company in a research note on Monday, August 11th. Finally, Raymond James Financial set a $392.00 target price on Corpay and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $399.43.

Corpay Stock Down 2.0%

NYSE CPAY opened at $307.41 on Friday. Corpay, Inc. has a fifty-two week low of $269.02 and a fifty-two week high of $400.81. The stock has a market capitalization of $21.71 billion, a PE ratio of 20.88, a PEG ratio of 1.19 and a beta of 1.00. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day moving average price of $322.35 and a two-hundred day moving average price of $328.14.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $5.13 EPS for the quarter, beating analysts' consensus estimates of $5.11 by $0.02. Corpay had a return on equity of 39.13% and a net margin of 25.17%.The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the prior year, the company earned $4.55 EPS. Corpay's revenue was up 12.9% compared to the same quarter last year. Equities analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

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.

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