AG2R LA Mondiale Gestion D Actifs Makes New Investment in Corpay, Inc. $CPAY

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 3,251 shares of Corpay, Inc. valued at approximately $1,057,000, contributing to a growing interest among institutional investors in the company.
• Corpay reported earnings of $5.13 per share, slightly exceeding expectations, with revenue increasing 12.9% year-over-year to $1.10 billion.
• Investment analysts maintain a positive outlook on Corpay with an average target price of $399.43 and a consensus rating of "Moderate Buy."

AG2R LA Mondiale Gestion D Actifs acquired a new position in Corpay, Inc. (NYSE:CPAY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,251 shares of the company's stock, valued at approximately $1,057,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Advisory Services Inc. lifted its stake in Corpay by 5.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 678 shares of the company's stock worth $236,000 after purchasing an additional 32 shares in the last quarter. Townsquare Capital LLC lifted its stake in Corpay by 0.7% in the 1st quarter. Townsquare Capital LLC now owns 4,520 shares of the company's stock worth $1,576,000 after purchasing an additional 32 shares in the last quarter. Fulton Bank N.A. lifted its stake in Corpay by 2.1% in the 1st quarter. Fulton Bank N.A. now owns 1,665 shares of the company's stock worth $581,000 after purchasing an additional 34 shares in the last quarter. Wedmont Private Capital lifted its stake in Corpay by 3.2% in the 1st quarter. Wedmont Private Capital now owns 1,110 shares of the company's stock worth $387,000 after purchasing an additional 34 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Corpay by 0.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 12,666 shares of the company's stock worth $4,417,000 after purchasing an additional 35 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay Stock Down 1.1%

NYSE:CPAY traded down $3.49 during mid-day trading on Friday, hitting $301.78. 998,948 shares of the company's stock were exchanged, compared to its average volume of 355,870. Corpay, Inc. has a one year low of $269.02 and a one year high of $400.81. 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 $319.80 and a 200 day moving average price of $326.46. The company has a market cap of $21.31 billion, a PE ratio of 20.50, a P/E/G ratio of 1.16 and a beta of 1.00.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 EPS for the quarter, topping the consensus estimate of $5.11 by $0.02. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm posted $4.55 earnings per share. Corpay's quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts predict that Corpay, Inc. will post 19.76 EPS for the current year.

Wall Street Analyst Weigh In

CPAY has been the topic of several recent analyst reports. Morgan Stanley lowered their target price on shares of Corpay from $360.00 to $356.00 and set an "equal weight" rating on the stock in a research note on Monday, August 11th. Robert W. Baird set a $440.00 target price on shares of Corpay in a research note on Tuesday, June 10th. Wall Street Zen upgraded shares of Corpay from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. UBS Group lowered their price objective on shares of Corpay from $365.00 to $340.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Finally, Raymond James Financial set a $392.00 target price on shares of Corpay and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $399.43.

Corpay Company 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.