AustralianSuper Pty Ltd Sells 1,155 Shares of Corpay, Inc. (NYSE:CPAY)

AustralianSuper Pty Ltd decreased its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 10.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,617 shares of the company's stock after selling 1,155 shares during the quarter. AustralianSuper Pty Ltd's holdings in Corpay were worth $3,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CPAY. Fulton Bank N.A. boosted its holdings in Corpay by 2.1% during the 1st quarter. Fulton Bank N.A. now owns 1,665 shares of the company's stock valued at $581,000 after acquiring an additional 34 shares during the period. Wedmont Private Capital lifted its holdings in shares of 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 buying an additional 34 shares during the period. Continuum Advisory LLC lifted its holdings in shares of Corpay by 29.6% in the 4th quarter. Continuum Advisory LLC now owns 184 shares of the company's stock worth $62,000 after buying an additional 42 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Corpay by 1.6% in the 1st quarter. Fifth Third Bancorp now owns 2,691 shares of the company's stock worth $938,000 after buying an additional 43 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Corpay by 16.7% in the 1st quarter. Signaturefd LLC now owns 300 shares of the company's stock worth $105,000 after buying an additional 43 shares during the period. Institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

CPAY has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target 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. Oppenheimer began coverage on Corpay in a report on Monday, April 28th. They set a "market perform" rating on the stock. Wall Street Zen raised Corpay from a "hold" rating to a "buy" rating in a report on Friday. Deutsche Bank Aktiengesellschaft started coverage on Corpay in a research report on Thursday. They set a "buy" rating and a $390.00 price target on the stock. Finally, UBS Group lowered their price target on Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $401.07.

Corpay Price Performance

CPAY stock opened at $332.10 on Friday. Corpay, Inc. has a 52-week low of $265.06 and a 52-week high of $400.81. The business has a fifty day moving average of $332.89 and a two-hundred day moving average of $341.77. The stock has a market cap of $23.41 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.69.

Corpay (NYSE:CPAY - Get Free Report) last issued 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 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 analysts' expectations of $1.02 billion. During the same period in the previous year, the firm posted $4.10 earnings per share. The company's revenue was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current year.

About Corpay

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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