Corpay, Inc. (NYSE:CPAY) Shares Purchased by LPL Financial LLC

Key Points

• LPL Financial LLC increased its holdings in Corpay, Inc. by 10.3% in Q1, bringing its total ownership to 10,833 shares valued at approximately $3.78 million.
• Corpay's recent earnings report showed a slight increase in earnings per share to $5.13, surpassing estimates and reflecting a 12.9% year-over-year revenue growth to $1.10 billion.
• Research analysts have mixed views on Corpay, with some downgrading their ratings, while others maintain a buy rating, resulting in a consensus price target of $396.33 for the company.

LPL Financial LLC raised its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 10.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,833 shares of the company's stock after acquiring an additional 1,010 shares during the quarter. LPL Financial LLC's holdings in Corpay were worth $3,778,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CPAY. Federated Hermes Inc. lifted its holdings in Corpay by 6,150.0% in the fourth quarter. Federated Hermes Inc. now owns 250 shares of the company's stock valued at $85,000 after acquiring an additional 246 shares during the period. Mariner LLC lifted its holdings in Corpay by 11.2% in the fourth quarter. Mariner LLC now owns 9,986 shares of the company's stock valued at $3,379,000 after acquiring an additional 1,005 shares during the period. Walleye Capital LLC lifted its holdings in Corpay by 165.5% in the fourth quarter. Walleye Capital LLC now owns 1,114 shares of the company's stock valued at $377,000 after acquiring an additional 2,814 shares during the period. Jump Financial LLC lifted its holdings in Corpay by 203.8% in the fourth quarter. Jump Financial LLC now owns 4,749 shares of the company's stock valued at $1,607,000 after acquiring an additional 3,186 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Corpay by 2.4% in the fourth quarter. NewEdge Advisors LLC now owns 2,565 shares of the company's stock valued at $868,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Corpay Trading Down 0.8%

Shares of CPAY stock opened at $317.53 on Friday. The firm has a 50-day moving average price of $327.66 and a 200 day moving average price of $336.37. Corpay, Inc. has a twelve month low of $269.02 and a twelve month high of $400.81. The company has a market capitalization of $22.42 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.21 and a beta of 0.96. 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 (NYSE:CPAY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $5.13 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $4.55 EPS. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. Research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wall Street Zen downgraded Corpay from a "buy" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company cut their price target on Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Raymond James Financial set a $392.00 price target on Corpay and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft assumed coverage on Corpay in a research note on Thursday, July 17th. They set a "buy" rating and a $390.00 price target for the company. Finally, UBS Group cut their price target on Corpay from $365.00 to $340.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $396.33.

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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