Corpay, Inc. (NYSE:CPAY) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC decreased its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 9.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,372 shares of the company's stock after selling 3,706 shares during the period. Penserra Capital Management LLC owned about 0.05% of Corpay worth $12,683,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. IFM Investors Pty Ltd lifted its holdings in Corpay by 7.1% during the 1st quarter. IFM Investors Pty Ltd now owns 13,619 shares of the company's stock worth $4,749,000 after buying an additional 901 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Corpay by 68.2% during the 1st quarter. OneDigital Investment Advisors LLC now owns 1,078 shares of the company's stock valued at $376,000 after acquiring an additional 437 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Corpay during the 1st quarter valued at approximately $336,000. D.A. Davidson & CO. lifted its stake in Corpay by 2,015.3% during the first quarter. D.A. Davidson & CO. now owns 21,872 shares of the company's stock worth $7,627,000 after purchasing an additional 20,838 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Corpay by 36.6% in the first quarter. Teacher Retirement System of Texas now owns 11,510 shares of the company's stock worth $4,014,000 after purchasing an additional 3,085 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPAY has been the topic of a number of research reports. Oppenheimer assumed coverage on shares of Corpay in a report on Monday, April 28th. They set a "market perform" rating on the stock. Robert W. Baird set a $440.00 price objective on shares of Corpay in a research note on Tuesday, June 10th. Wells Fargo & Company cut their target price 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. Wall Street Zen downgraded Corpay from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Raymond James Financial reiterated an "outperform" rating and set a $414.00 price target (down from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $401.86.

Corpay Stock Performance

CPAY stock traded up $4.55 on Thursday, reaching $335.74. The company's stock had a trading volume of 490,973 shares, compared to its average volume of 475,282. Corpay, Inc. has a 52 week low of $265.06 and a 52 week high of $400.81. The company has a market capitalization of $23.67 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 1.40 and a beta of 0.95. The firm has a fifty day moving average of $332.64 and a two-hundred day moving average of $342.42. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.10 and a quick ratio of 1.10.

Corpay (NYSE:CPAY - Get Free Report) last issued 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 business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted $4.10 EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts predict that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

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.