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

Cooper Investors PTY Ltd. trimmed its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 49.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

Other hedge funds have also recently made changes to their positions in the company. Colonial Trust Co SC raised its position in shares of Corpay by 120.5% in the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company's stock worth $33,000 after buying an additional 53 shares in the last quarter. Assetmark Inc. increased its stake in Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after acquiring an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Corpay by 70.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock valued at $45,000 after acquiring an additional 55 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of Corpay during the 1st quarter valued at about $45,000. Finally, Knuff & Co LLC purchased a new position in shares of Corpay during the fourth quarter worth about $54,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CPAY shares. Wells Fargo & Company dropped their price objective 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. Wall Street Zen lowered Corpay from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. UBS Group cut their price objective on Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Barclays decreased their price objective on Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird set a $440.00 target price on Corpay in a research note on Tuesday, June 10th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $401.86.

Corpay Stock Up 0.4%

CPAY stock traded up $1.32 on Friday, hitting $327.36. 473,382 shares of the company's stock were exchanged, compared to its average volume of 478,734. The firm has a 50 day moving average price of $329.26 and a two-hundred day moving average price of $343.54. Corpay, Inc. has a 12-month low of $264.08 and a 12-month high of $400.81. The stock has a market cap of $23.08 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 1.37 and a beta of 0.96. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.10 and a current ratio of 1.10.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $1.01 billion for 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 company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.10 earnings per share. As a group, equities research analysts expect 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.