Corpay, Inc. (NYSE:CPAY) Shares Acquired by Czech National Bank

Czech National Bank lifted its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,011 shares of the company's stock after acquiring an additional 896 shares during the period. Czech National Bank's holdings in Corpay were worth $5,583,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in Corpay by 17.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 23,732 shares of the company's stock worth $8,067,000 after purchasing an additional 3,504 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Corpay in the fourth quarter worth about $28,632,000. Aviso Financial Inc. bought a new stake in Corpay in the fourth quarter worth about $151,000. Sanctuary Advisors LLC lifted its stake in Corpay by 20.5% in the fourth quarter. Sanctuary Advisors LLC now owns 1,796 shares of the company's stock worth $608,000 after purchasing an additional 305 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Corpay by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock worth $1,653,659,000 after acquiring an additional 120,578 shares during the period. Institutional investors own 98.84% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CPAY shares. Morgan Stanley raised their target price on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. UBS Group reduced their target price on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Barclays reduced their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada raised their target price on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company reduced their target price on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $395.07.

Corpay Stock Performance

Shares of CPAY traded up $4.26 during trading hours on Thursday, reaching $331.14. 375,472 shares of the company traded hands, compared to its average volume of 479,217. The stock has a market capitalization of $23.34 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.32 and a beta of 0.98. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. The business has a fifty day moving average price of $323.40 and a 200-day moving average price of $348.30.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, beating analysts' consensus estimates of $4.50 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Corpay had a net margin of 25.25% and a return on equity of 41.46%. 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 company earned $4.10 earnings per share. Equities analysts anticipate 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.