Corpay, Inc. (NYSE:CPAY) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. raised its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 4,811.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 557,252 shares of the company's stock after acquiring an additional 545,907 shares during the period. Bessemer Group Inc. owned 0.79% of Corpay worth $194,326,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CPAY. Vanguard Group Inc. raised its stake in Corpay by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock worth $2,623,702,000 after purchasing an additional 120,688 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Corpay by 20.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock worth $1,976,651,000 after buying an additional 1,000,699 shares during the period. Boston Partners boosted its holdings in Corpay by 6.4% in the fourth quarter. Boston Partners now owns 2,045,398 shares of the company's stock valued at $694,847,000 after acquiring an additional 122,380 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position 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 valued at $659,890,000 after acquiring an additional 20,937 shares during the period. Finally, Geode Capital Management LLC increased its stake in Corpay by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,732,793 shares of the company's stock worth $584,962,000 after acquiring an additional 54,894 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CPAY shares. Oppenheimer initiated coverage on shares of Corpay in a research report on Monday, April 28th. They set a "market perform" rating for the company. UBS Group dropped their price objective 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. Barclays reduced their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Robert W. Baird set a $440.00 price target on shares of Corpay in a research report on Tuesday, June 10th. Finally, Wells Fargo & Company cut their price objective on Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Corpay currently has an average rating of "Moderate Buy" and an average target price of $401.86.

Corpay Stock Up 0.1%

CPAY stock traded up $0.24 during midday trading on Thursday, hitting $326.71. 356,495 shares of the company's stock were exchanged, compared to its average volume of 479,295. The stock has a market capitalization of $23.03 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.37 and a beta of 0.96. 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 firm has a 50 day moving average price of $328.89 and a 200-day moving average price of $343.77. Corpay, Inc. has a 12-month low of $264.08 and a 12-month high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, beating analysts' consensus estimates of $4.50 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. Corpay had a net margin of 25.15% and a return on equity of 41.61%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.10 EPS. On average, analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Corpay Company 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.