Silver Oak Securities Incorporated purchased a new stake in Corpay, Inc. (NYSE:CPAY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 968 shares of the company's stock, valued at approximately $336,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of CPAY. Colonial Trust Co SC increased its holdings in Corpay by 120.5% in the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after buying an additional 53 shares during the period. Assetmark Inc. lifted its holdings in shares of Corpay by 93.8% during the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after acquiring an additional 60 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Corpay by 70.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock worth $45,000 after acquiring an additional 55 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Corpay during the 1st quarter worth approximately $45,000. Finally, Knuff & Co LLC bought a new position in Corpay in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 98.84% of the company's stock.
Wall Street Analyst Weigh In
CPAY has been the topic of a number of research analyst reports. UBS Group reduced their target price on Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Wells Fargo & Company dropped their price objective on Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Wall Street Zen upgraded Corpay from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Robert W. Baird set a $440.00 target price on shares of Corpay in a report on Tuesday, June 10th. Finally, Raymond James Financial restated an "outperform" rating and issued a $414.00 price target (down from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Corpay presently has an average rating of "Moderate Buy" and an average price target of $398.07.
Check Out Our Latest Stock Analysis on CPAY
Corpay Price Performance
Shares of NYSE:CPAY opened at $314.74 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.10 and a current ratio of 1.10. Corpay, Inc. has a 52 week low of $254.32 and a 52 week high of $400.81. The firm has a market cap of $22.19 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 1.32 and a beta of 0.96. The firm's fifty day moving average is $327.66 and its 200-day moving average is $345.04.
Corpay (NYSE:CPAY - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, topping the consensus estimate of $4.50 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. Corpay had a return on equity of 41.61% and a net margin of 25.15%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.10 EPS. Sell-side analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current year.
About Corpay
(
Free Report)
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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