Silver Oak Securities Incorporated Invests $336,000 in Corpay, Inc. (NYSE:CPAY)

Silver Oak Securities Incorporated bought a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 968 shares of the company's stock, valued at approximately $336,000.

Other institutional investors also recently modified their holdings of the company. Colonial Trust Co SC lifted its holdings in shares of Corpay by 120.5% during the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after purchasing an additional 53 shares in the last quarter. Assetmark Inc. lifted its stake in Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after acquiring an additional 60 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Corpay in the 1st quarter valued at approximately $45,000. EverSource Wealth Advisors LLC lifted its stake in Corpay by 70.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock valued at $45,000 after acquiring an additional 55 shares in the last quarter. Finally, Knuff & Co LLC bought a new stake in Corpay in the 4th quarter valued at approximately $54,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CPAY shares. Wall Street Zen lowered Corpay from a "buy" rating to a "hold" rating in a research report on Sunday. Wells Fargo & Company lowered their price target 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. Robert W. Baird set a $440.00 price target on Corpay in a research report on Tuesday, June 10th. UBS Group lowered their price target on Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Raymond James Financial reissued an "outperform" rating and set a $414.00 target price (down from $417.00) on shares of Corpay in a report on Wednesday, May 7th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $398.07.

Corpay Trading Up 1.9%

Corpay stock traded up $5.86 during trading hours on Monday, hitting $322.17. The stock had a trading volume of 462,973 shares, compared to its average volume of 481,875. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.69. The stock has a market cap of $22.71 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 1.33 and a beta of 0.96. Corpay, Inc. has a one year low of $264.08 and a one year high of $400.81. The business's 50 day simple moving average is $328.16 and its 200-day simple moving average is $343.99.

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 during 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% on a year-over-year basis. During the same period last year, the company earned $4.10 earnings per share. On average, equities analysts predict that Corpay, Inc. will post 19.76 EPS 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.