Achmea Investment Management B.V. Has $1.10 Million Position in Corpay, Inc. (NYSE:CPAY)

Achmea Investment Management B.V. trimmed its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 41.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,150 shares of the company's stock after selling 2,220 shares during the period. Achmea Investment Management B.V.'s holdings in Corpay were worth $1,099,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in Corpay by 163.7% during the fourth quarter. Invesco Ltd. now owns 1,686,665 shares of the company's stock worth $570,801,000 after buying an additional 1,047,080 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Corpay by 20.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock worth $1,976,651,000 after acquiring an additional 1,000,699 shares during the last quarter. Norges Bank bought a new stake in Corpay in the fourth quarter valued at approximately $241,739,000. GAMMA Investing LLC increased its stake in Corpay by 38,235.3% in the first quarter. GAMMA Investing LLC now owns 559,696 shares of the company's stock valued at $195,177,000 after purchasing an additional 558,236 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Corpay by 4,811.9% in the first quarter. Bessemer Group Inc. now owns 557,252 shares of the company's stock worth $194,326,000 after purchasing an additional 545,907 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CPAY. Wall Street Zen raised shares of Corpay from a "hold" rating to a "buy" rating in a report on Monday. Oppenheimer assumed coverage on Corpay in a report on Monday, April 28th. They issued a "market perform" rating for the company. Barclays dropped 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. UBS Group decreased their price objective on Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company dropped their target price on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $401.86.

Corpay Stock Down 0.6%

Corpay stock traded down $1.95 during mid-day trading on Wednesday, reaching $336.90. The company's stock had a trading volume of 302,286 shares, compared to its average volume of 476,704. 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 12 month low of $264.87 and a 12 month high of $400.81. The business's 50 day simple moving average is $330.93 and its 200 day simple moving average is $342.85. The company has a market capitalization of $23.75 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 1.40 and a beta of 0.95.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, beating the consensus estimate of $4.50 by $0.01. Corpay had a return on equity of 41.61% and a net margin of 25.15%. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the company earned $4.10 EPS. Corpay's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate 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.