Amundi Sells 28,167 Shares of Corpay, Inc. $CPAY

Amundi decreased its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 21.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,408 shares of the company's stock after selling 28,167 shares during the period. Amundi owned 0.15% of Corpay worth $33,481,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. lifted its holdings in Corpay by 33.5% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 103,658 shares of the company's stock worth $36,148,000 after purchasing an additional 26,000 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in Corpay during the 1st quarter worth approximately $270,000. Royal Bank of Canada increased its holdings in Corpay by 1.6% during the 1st quarter. Royal Bank of Canada now owns 109,933 shares of the company's stock worth $38,336,000 after acquiring an additional 1,716 shares during the period. Palogic Value Management L.P. bought a new stake in Corpay during the 1st quarter worth approximately $212,000. Finally, Vident Advisory LLC increased its holdings in Corpay by 127.5% during the 1st quarter. Vident Advisory LLC now owns 5,001 shares of the company's stock worth $1,744,000 after acquiring an additional 2,803 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Trading Down 1.3%

Shares of Corpay stock traded down $4.22 during trading on Friday, reaching $309.38. The company's stock had a trading volume of 59,766 shares, compared to its average volume of 484,174. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.15 and a beta of 1.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48. The firm's 50-day moving average is $322.99 and its two-hundred day moving average is $328.88. Corpay, Inc. has a 52-week low of $269.02 and a 52-week high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $5.13 earnings per share for the quarter, beating the consensus estimate of $5.11 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The firm's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.55 EPS. On average, sell-side analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James Financial set a $392.00 target price on shares of Corpay and gave the stock an "outperform" rating in a report on Thursday, August 7th. UBS Group decreased their target price on shares of Corpay from $365.00 to $340.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Wall Street Zen raised shares of Corpay from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Robert W. Baird set a $440.00 price target on shares of Corpay in a research note on Tuesday, June 10th. Finally, Morgan Stanley cut their price target on shares of Corpay from $360.00 to $356.00 and set an "equal weight" rating for the company in a research note on Monday, August 11th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $399.43.

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.