Corpay, Inc. (NYSE:CPAY) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lowered its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 68.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,440 shares of the company's stock after selling 3,138 shares during the period. Brown Advisory Inc.'s holdings in Corpay were worth $502,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Colonial Trust Co SC increased its position in Corpay by 120.5% during the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company's stock worth $33,000 after purchasing an additional 53 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Corpay by 70.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock valued at $45,000 after acquiring an additional 55 shares during the period. Rakuten Securities Inc. acquired a new position in shares of Corpay during the 1st quarter valued at $45,000. Continuum Advisory LLC boosted its position in Corpay by 29.6% during the 4th quarter. Continuum Advisory LLC now owns 184 shares of the company's stock worth $62,000 after purchasing an additional 42 shares during the period. Finally, Whipplewood Advisors LLC increased its holdings in Corpay by 648.0% in the 1st quarter. Whipplewood Advisors LLC now owns 187 shares of the company's stock valued at $65,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wall Street Zen cut Corpay from a "buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Barclays decreased their price target on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Corpay in a research note on Thursday. They set a "buy" rating and a $390.00 price objective on the stock. Robert W. Baird set a $440.00 target price on shares of Corpay in a research note on Tuesday, June 10th. Finally, Oppenheimer assumed coverage on shares of Corpay in a report on Monday, April 28th. They set a "market perform" rating for the company. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Corpay presently has an average rating of "Moderate Buy" and a consensus price target of $401.07.

Corpay Stock Up 2.6%

Shares of Corpay stock traded up $8.50 during trading on Thursday, reaching $335.56. The company had a trading volume of 507,210 shares, compared to its average volume of 473,440. The company has a market cap of $23.65 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 1.34 and a beta of 0.95. Corpay, Inc. has a fifty-two week low of $265.06 and a fifty-two week high of $400.81. The firm's fifty day moving average is $332.62 and its 200-day moving average is $341.80. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.10 and a current ratio of 1.10.

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

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.