Aurora Investment Counsel decreased its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,138 shares of the company's stock after selling 1,506 shares during the period. Aurora Investment Counsel's holdings in Corpay were worth $2,140,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of CPAY. Invesco Ltd. grew its position in Corpay by 163.7% in 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 last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 acquiring an additional 1,000,699 shares during the period. Norges Bank acquired a new stake in shares of Corpay in the 4th quarter worth approximately $241,739,000. GAMMA Investing LLC lifted its stake in shares of Corpay by 38,235.3% in the 1st quarter. GAMMA Investing LLC now owns 559,696 shares of the company's stock worth $195,177,000 after acquiring an additional 558,236 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Corpay by 4,811.9% in the 1st quarter. Bessemer Group Inc. now owns 557,252 shares of the company's stock worth $194,326,000 after acquiring an additional 545,907 shares during the period. Institutional investors own 98.84% of the company's stock.
Corpay Stock Down 3.4%
Shares of NYSE:CPAY opened at $324.33 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $22.86 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 1.36 and a beta of 0.95. Corpay, Inc. has a 52 week low of $265.06 and a 52 week high of $400.81. The firm has a 50 day simple moving average of $332.78 and a 200 day simple moving average of $342.17.
Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, beating the consensus estimate of $4.50 by $0.01. The business had revenue of $1.01 billion during 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 quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.10 EPS. As a group, research analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on CPAY. UBS Group reduced their price target on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird set a $440.00 price target on shares of Corpay in a research note on Tuesday, June 10th. Oppenheimer began coverage on shares of Corpay in a research note on Monday, April 28th. They issued a "market perform" rating for the company. Wall Street Zen lowered shares of Corpay from a "buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Finally, Barclays reduced their price target on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. 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 company. According to MarketBeat, Corpay has an average rating of "Moderate Buy" and a consensus price target of $401.86.
View Our Latest Stock Analysis on CPAY
About Corpay
(
Free Report)
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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