Corpay, Inc. (NYSE:CPAY) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 3.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 492,399 shares of the company's stock after acquiring an additional 16,941 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.70% of Corpay worth $171,709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Corpay by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 7,872,786 shares of the company's stock worth $2,745,398,000 after acquiring an additional 119,987 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Corpay by 20.7% during 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 in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Corpay by 1.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company's stock worth $659,890,000 after acquiring an additional 20,937 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Corpay by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 779,288 shares of the company's stock worth $263,722,000 after acquiring an additional 42,945 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Corpay by 17.6% during the 4th quarter. Northern Trust Corp now owns 660,091 shares of the company's stock worth $223,388,000 after purchasing an additional 98,970 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. UBS Group dropped their price objective on Corpay from $365.00 to $340.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Oppenheimer assumed coverage on Corpay in a report on Monday, April 28th. They set a "market perform" rating on the stock. Robert W. Baird set a $440.00 price objective on Corpay in a report on Tuesday, June 10th. Finally, Raymond James Financial set a $392.00 price objective on Corpay and gave the stock an "outperform" rating in a report on Thursday, August 7th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $396.33.

Corpay Stock Performance

CPAY traded down $1.98 during trading on Friday, reaching $318.25. 108,272 shares of the company were exchanged, compared to its average volume of 496,718. The stock has a market cap of $22.47 billion, a P/E ratio of 21.61, a PEG ratio of 1.20 and a beta of 0.96. The firm has a 50 day moving average of $328.06 and a 200 day moving average of $336.80. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.48. 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 issued its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 EPS for the quarter, topping analysts' consensus estimates of $5.11 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Corpay had a return on equity of 39.13% and a net margin of 25.17%. The firm's revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $4.55 EPS. On average, sell-side analysts forecast that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

About Corpay

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.