Mn Services Vermogensbeheer B.V. Has $9.10 Million Stake in Corpay, Inc. (NYSE:CPAY)

Mn Services Vermogensbeheer B.V. trimmed its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 7.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,100 shares of the company's stock after selling 2,000 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Corpay were worth $9,102,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Azzad Asset Management Inc. ADV acquired a new position in Corpay in the 1st quarter valued at $2,569,000. Fifth Third Bancorp increased its position in shares of Corpay by 1.6% in the first quarter. Fifth Third Bancorp now owns 2,691 shares of the company's stock worth $938,000 after purchasing an additional 43 shares during the period. Simon Quick Advisors LLC bought a new position in shares of Corpay in the first quarter worth $507,000. CX Institutional acquired a new position in Corpay in the first quarter valued at about $157,000. Finally, Assenagon Asset Management S.A. lifted its position in Corpay by 95.0% during the first quarter. Assenagon Asset Management S.A. now owns 135,845 shares of the company's stock worth $47,372,000 after purchasing an additional 66,186 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Corpay Price Performance

CPAY traded up $2.49 on Friday, reaching $316.91. The stock had a trading volume of 386,405 shares, compared to its average volume of 485,143. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $22.34 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.32 and a beta of 0.96. Corpay, Inc. has a fifty-two week low of $254.32 and a fifty-two week high of $400.81. The firm has a 50-day moving average of $327.66 and a 200-day moving average of $345.04.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.02 billion. Corpay had a return on equity of 41.61% and a net margin of 25.15%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.10 earnings per share. As a group, sell-side analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CPAY. Oppenheimer initiated coverage on shares of Corpay in a report on Monday, April 28th. They issued a "market perform" rating on the stock. UBS Group decreased their price objective on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Barclays lowered their price objective on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company cut their target price 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. Finally, Robert W. Baird set a $440.00 price target on Corpay in a research note on Tuesday, June 10th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $398.07.

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.