Corpay, Inc. (NYSE:CPAY) Shares Sold by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. reduced its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 49.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,245 shares of the company's stock after selling 11,893 shares during the period. Cooper Investors PTY Ltd.'s holdings in Corpay were worth $4,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CPAY. Oregon Public Employees Retirement Fund grew its stake in Corpay by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock worth $2,018,000 after buying an additional 30 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Corpay by 2.7% during the fourth quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock worth $390,000 after acquiring an additional 30 shares during the last quarter. Lake Street Advisors Group LLC grew its stake in shares of Corpay by 3.5% during the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock worth $318,000 after acquiring an additional 32 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of Corpay by 2.1% during the first quarter. Fulton Bank N.A. now owns 1,665 shares of the company's stock valued at $581,000 after acquiring an additional 34 shares in the last quarter. Finally, Wedmont Private Capital raised its position in shares of Corpay by 3.2% in the 1st quarter. Wedmont Private Capital now owns 1,110 shares of the company's stock valued at $387,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Stock Performance

Shares of NYSE:CPAY traded down $2.78 during trading on Wednesday, hitting $326.69. 332,294 shares of the stock traded hands, compared to its average volume of 480,146. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.69. The company has a fifty day moving average price of $328.89 and a two-hundred day moving average price of $343.77. Corpay, Inc. has a 52-week low of $264.08 and a 52-week high of $400.81. The company has a market cap of $23.03 billion, a price-to-earnings ratio of 22.91, a P/E/G ratio of 1.39 and a beta of 0.96.

Corpay (NYSE:CPAY - Get Free Report) last released 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. Corpay had a net margin of 25.15% and a return on equity of 41.61%. The company 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 firm's revenue was up 7.5% on a year-over-year basis. As a group, equities analysts predict that Corpay, Inc. will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

CPAY has been the topic of several research analyst reports. Oppenheimer initiated coverage on shares of Corpay in a research report on Monday, April 28th. They set a "market perform" rating on the stock. Wall Street Zen lowered shares of Corpay from a "buy" rating to a "hold" rating in a report on Sunday. Barclays reduced their target price on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Robert W. Baird set a $440.00 price target on Corpay in a research report on Tuesday, June 10th. Finally, Wells Fargo & Company cut 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. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $398.07.

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.