Asset Management One Co. Ltd. raised its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 28,640 shares of the company's stock after acquiring an additional 2,111 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Corpay were worth $9,987,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in Corpay in the 4th quarter valued at approximately $28,632,000. Aviso Financial Inc. acquired a new position in Corpay in the 4th quarter valued at approximately $151,000. Sanctuary Advisors LLC increased its position in Corpay by 20.5% in the 4th quarter. Sanctuary Advisors LLC now owns 1,796 shares of the company's stock valued at $608,000 after acquiring an additional 305 shares during the period. D.A. Davidson & CO. acquired a new position in Corpay in the 4th quarter valued at approximately $350,000. Finally, Park Avenue Securities LLC increased its position in Corpay by 15.2% in the 1st quarter. Park Avenue Securities LLC now owns 1,898 shares of the company's stock valued at $662,000 after acquiring an additional 250 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.
Corpay Stock Up 0.4%
NYSE CPAY traded up $1.32 on Friday, hitting $327.36. 473,382 shares of the company were exchanged, compared to its average volume of 479,271. The company has a market cap of $23.08 billion, a PE ratio of 22.96, a PEG ratio of 1.37 and a beta of 0.96. Corpay, Inc. has a 12 month low of $264.08 and a 12 month high of $400.81. The stock has a fifty day moving average of $329.26 and a 200-day moving average of $343.54. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.69.
Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data 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 net margin of 25.15% and a return on equity of 41.61%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm earned $4.10 earnings per share. The business's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have issued reports on CPAY shares. UBS Group decreased their price target on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen cut shares of Corpay from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Oppenheimer started coverage on shares of Corpay in a research report on Monday, April 28th. They set a "market perform" rating for the company. Raymond James Financial reiterated an "outperform" rating and set a $414.00 price objective (down from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. Finally, Barclays decreased their price objective on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $401.86.
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About Corpay
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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.
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