Universal Beteiligungs und Servicegesellschaft mbH Sells 9,732 Shares of Corpay, Inc. (NYSE:CPAY)

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 13.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,741 shares of the company's stock after selling 9,732 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Corpay worth $21,182,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CPAY. Choreo LLC raised its stake in shares of Corpay by 3.5% in the 1st quarter. Choreo LLC now owns 1,285 shares of the company's stock valued at $448,000 after purchasing an additional 44 shares during the period. GW&K Investment Management LLC lifted its stake in Corpay by 0.4% in the 1st quarter. GW&K Investment Management LLC now owns 60,513 shares of the company's stock valued at $21,102,000 after acquiring an additional 269 shares in the last quarter. Gallacher Capital Management LLC boosted its position in Corpay by 28.7% during the 1st quarter. Gallacher Capital Management LLC now owns 1,366 shares of the company's stock worth $476,000 after acquiring an additional 305 shares during the last quarter. William Allan Corp grew its stake in shares of Corpay by 425.2% during the 1st quarter. William Allan Corp now owns 6,234 shares of the company's stock worth $2,174,000 after acquiring an additional 5,047 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of Corpay by 3.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 5,300 shares of the company's stock worth $1,849,000 after acquiring an additional 171 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Stock Performance

CPAY traded up $2.11 during trading on Friday, hitting $335.66. The stock had a trading volume of 481,337 shares, compared to its average volume of 430,085. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50 day moving average price of $331.42 and a 200-day moving average price of $341.42. Corpay, Inc. has a one year low of $265.06 and a one year high of $400.81. The firm has a market cap of $23.66 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 1.28 and a beta of 0.95.

Corpay (NYSE:CPAY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $4.51 earnings per share 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 during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm earned $4.10 earnings per share. The company's revenue was up 7.5% on a year-over-year basis. As a group, research analysts predict that Corpay, Inc. will post 19.76 EPS for the current year.

Wall Street Analyst Weigh In

CPAY has been the subject of several recent research reports. Robert W. Baird set a $440.00 target price on shares of Corpay in a report on Tuesday, June 10th. Wall Street Zen upgraded shares of Corpay from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Raymond James Financial restated an "outperform" rating and issued a $414.00 price objective (down previously from $417.00) on shares of Corpay in a report on Wednesday, May 7th. Wells Fargo & Company dropped their target price on Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group reduced their price target on Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Corpay presently has an average rating of "Moderate Buy" and a consensus price target of $401.07.

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.