Alpine Woods Capital Investors LLC Cuts Holdings in Corpay, Inc. (NYSE:CPAY)

Alpine Woods Capital Investors LLC reduced its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 38.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,483 shares of the company's stock after selling 4,065 shares during the period. Alpine Woods Capital Investors LLC's holdings in Corpay were worth $2,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Colonial Trust Co SC grew its position in Corpay by 120.5% in the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company's stock worth $33,000 after acquiring an additional 53 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after purchasing an additional 60 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Corpay in the 1st quarter valued at approximately $45,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Corpay by 70.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock worth $45,000 after purchasing an additional 55 shares during the period. Finally, Knuff & Co LLC bought a new position in shares of Corpay during the 4th quarter valued at approximately $54,000. 98.84% of the stock is currently owned by institutional investors.

Corpay Trading Down 3.4%

Shares of Corpay stock traded down $11.35 on Friday, hitting $324.33. 430,162 shares of the company traded hands, compared to its average volume of 473,559. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.69. The company has a market cap of $22.86 billion, a PE ratio of 22.74, a PEG ratio of 1.36 and a beta of 0.95. The stock's 50 day moving average price is $332.78 and its 200-day moving average price is $342.17. Corpay, Inc. has a 52 week low of $265.06 and a 52 week high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, beating analysts' consensus estimates of $4.50 by $0.01. Corpay had a return on equity of 41.61% and a net margin of 25.15%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company posted $4.10 EPS. Corpay's revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that Corpay, Inc. will post 19.76 EPS for the current year.

Analysts Set New Price Targets

CPAY has been the subject of a number of analyst reports. Oppenheimer assumed coverage on Corpay in a research report on Monday, April 28th. They issued a "market perform" rating for the company. Wells Fargo & Company lowered their target price on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Barclays dropped their price target on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Robert W. Baird set a $440.00 price objective on shares of Corpay in a research report on Tuesday, June 10th. Finally, UBS Group decreased their price objective on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Corpay has a consensus rating of "Moderate Buy" and a consensus price target of $401.86.

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.