Capital Impact Advisors LLC Buys New Stake in Corpay, Inc. $CPAY

Key Points

• Capital Impact Advisors LLC has acquired a new stake in Corpay, Inc. (NYSE: CPAY), purchasing 23,450 shares valued at approximately $8,177,000, making CPAY the firm's 14th largest position.
• Wall Street analysts are optimistic about Corpay's future, with nine analysts rating it as a Buy and a consensus price target of $399.43.
• Corpay reported a quarterly earnings per share (EPS) of $5.13, exceeding analyst expectations, and is anticipated to post an EPS of 19.76 for the current fiscal year.

Capital Impact Advisors LLC bought a new stake in Corpay, Inc. (NYSE:CPAY - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 23,450 shares of the company's stock, valued at approximately $8,177,000. Corpay comprises about 3.1% of Capital Impact Advisors LLC's investment portfolio, making the stock its 14th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPAY. Captrust Financial Advisors boosted its position in Corpay by 38.2% in the 4th quarter. Captrust Financial Advisors now owns 1,910 shares of the company's stock valued at $646,000 after buying an additional 528 shares during the period. Cetera Investment Advisers lifted its position in Corpay by 19.5% in the fourth quarter. Cetera Investment Advisers now owns 3,513 shares of the company's stock valued at $1,189,000 after acquiring an additional 574 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Corpay in the fourth quarter valued at $169,000. Ensign Peak Advisors Inc increased its stake in Corpay by 8.0% in the fourth quarter. Ensign Peak Advisors Inc now owns 30,467 shares of the company's stock valued at $10,311,000 after purchasing an additional 2,253 shares during the period. Finally, Focus Partners Wealth increased its stake in Corpay by 33.2% in the fourth quarter. Focus Partners Wealth now owns 1,424 shares of the company's stock valued at $483,000 after purchasing an additional 355 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Corpay from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. UBS Group lowered their target price on shares of Corpay from $365.00 to $340.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Morgan Stanley reduced their price target on shares of Corpay from $360.00 to $356.00 and set an "equal weight" rating on the stock in a report on Monday, August 11th. Robert W. Baird set a $440.00 price objective on shares of Corpay in a research note on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Corpay in a research report on Thursday, July 17th. They issued a "buy" rating and a $390.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $399.43.

Corpay Stock Performance

CPAY stock opened at $312.89 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $22.09 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.18 and a beta of 1.00. The firm has a 50 day simple moving average of $324.16 and a 200 day simple moving average of $329.38. Corpay, Inc. has a 52 week low of $269.02 and a 52 week high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $5.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.11 by $0.02. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the company earned $4.55 earnings per share. The company's revenue was up 12.9% compared to the same quarter last year. Research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal 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.

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