Mn Services Vermogensbeheer B.V. Sells 2,000 Shares of Corpay, Inc. (NYSE:CPAY)

Mn Services Vermogensbeheer B.V. lowered its holdings in 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 institutional investor 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.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Colonial Trust Co SC raised its position in Corpay by 120.5% in the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company's stock worth $33,000 after purchasing an additional 53 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after buying an additional 60 shares during the period. EverSource Wealth Advisors LLC raised its stake in Corpay by 70.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock worth $45,000 after buying an additional 55 shares during the period. Knuff & Co LLC bought a new position in Corpay during the fourth quarter worth about $54,000. Finally, Global Retirement Partners LLC grew its stake in Corpay by 38.5% in the fourth quarter. Global Retirement Partners LLC now owns 169 shares of the company's stock valued at $57,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Corpay Stock Up 0.8%

CPAY traded up $2.46 on Wednesday, hitting $329.82. 28,903 shares of the company were exchanged, compared to its average volume of 489,181. The stock's fifty day moving average is $327.53 and its 200-day moving average is $345.73. Corpay, Inc. has a 12 month low of $254.32 and a 12 month high of $400.81. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $23.25 billion, a PE ratio of 23.13, a PEG ratio of 1.40 and a beta of 0.96.

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

Analyst Ratings Changes

A number of research firms recently issued reports on CPAY. Barclays lowered 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 shares of Corpay in a report on Tuesday, June 10th. Wells Fargo & Company dropped their price objective on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Oppenheimer initiated coverage on shares of Corpay in a research note on Monday, April 28th. They issued a "market perform" rating for the company. Finally, Wall Street Zen upgraded Corpay from a "hold" rating to a "buy" rating in a report on Saturday. Five research analysts have rated the stock with a hold rating, eleven have issued 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 an average price target of $398.07.

Corpay Company 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.