Corpay, Inc. (NYSE:CPAY) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel cut its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 19.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Colonial Trust Co SC lifted its position in Corpay by 120.5% during the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after acquiring an additional 53 shares during the last quarter. Assetmark Inc. lifted its position in Corpay by 93.8% during the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after acquiring an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Corpay by 70.5% during the fourth 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 last quarter. Rakuten Securities Inc. purchased a new stake in Corpay during the first quarter valued at approximately $45,000. Finally, Continuum Advisory LLC lifted its position in Corpay by 29.6% during the fourth quarter. Continuum Advisory LLC now owns 184 shares of the company's stock valued at $62,000 after acquiring an additional 42 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Robert W. Baird set a $440.00 price target on shares of Corpay in a report on Tuesday, June 10th. UBS Group decreased their price target on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Wall Street Zen cut shares of Corpay from a "buy" rating to a "hold" rating in a report on Tuesday, July 8th. Barclays decreased their price target 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. Finally, Wells Fargo & Company decreased their price target on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $401.07.

Corpay Stock Performance

CPAY stock traded up $8.50 during midday trading on Thursday, hitting $335.56. 507,210 shares of the stock traded hands, compared to its average volume of 474,153. The firm has a market cap of $23.65 billion, a P/E ratio of 23.53, a PEG ratio of 1.37 and a beta of 0.95. 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 stock's fifty day simple moving average is $332.79 and its 200-day simple moving average is $341.79. Corpay, Inc. has a 1-year low of $265.06 and a 1-year high of $400.81.

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