Banco Santander S.A. Has $449,000 Position in Corpay, Inc. (NYSE:CPAY)

Key Points

• Banco Santander S.A. has decreased its stake in Corpay, Inc. by 63.3%, selling 2,225 shares to hold a total of 1,288 shares worth approximately $449,000.
• Corpay's stock has declined by 1.6%, trading at $319.03 per share, with a market capitalization of $22.49 billion and a one-year high of $400.81.
• Several analysts have adjusted their price targets for Corpay, with UBS Group lowering its target to $365.00 while Deutsche Bank set a new target of $390.00, reflecting a mix of ratings from hold to buy.

Banco Santander S.A. lessened its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 63.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,288 shares of the company's stock after selling 2,225 shares during the quarter. Banco Santander S.A.'s holdings in Corpay were worth $449,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in shares of Corpay by 20.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock valued at $1,976,651,000 after acquiring an additional 1,000,699 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Corpay by 1.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company's stock worth $659,890,000 after acquiring an additional 20,937 shares during the period. Invesco Ltd. raised its position in shares of Corpay by 163.7% during the 4th quarter. Invesco Ltd. now owns 1,686,665 shares of the company's stock worth $570,801,000 after purchasing an additional 1,047,080 shares during the period. Dimensional Fund Advisors LP lifted its stake in Corpay by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 779,288 shares of the company's stock valued at $263,722,000 after buying an additional 42,945 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Corpay by 17.6% during the 4th quarter. Northern Trust Corp now owns 660,091 shares of the company's stock valued at $223,388,000 after purchasing an additional 98,970 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Stock Performance

Shares of NYSE CPAY traded down $1.14 during trading hours on Friday, reaching $303.37. The stock had a trading volume of 346,684 shares, compared to its average volume of 495,735. Corpay, Inc. has a twelve month low of $269.02 and a twelve month high of $400.81. The company has a market cap of $21.38 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.20 and a beta of 0.96. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.10 and a quick ratio of 1.10. The business's fifty day moving average is $329.68 and its two-hundred day moving average is $339.10.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.11 by $0.02. Corpay had a return on equity of 41.29% and a net margin of 25.17%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the company posted $4.55 earnings per share. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, research analysts expect that Corpay, Inc. will post 19.76 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on CPAY. Raymond James Financial dropped their target price on Corpay from $414.00 to $392.00 and set an "outperform" rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Corpay in a research report on Thursday, July 17th. They issued a "buy" rating and a $390.00 price target on the stock. Oppenheimer started coverage on shares of Corpay in a research report on Monday, April 28th. They set a "market perform" rating for the company. Wells Fargo & Company dropped their target price on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, Barclays reduced their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Corpay presently has an average rating of "Moderate Buy" and a consensus price target of $397.93.

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.