Crossmark Global Holdings Inc. Grows Position in Corpay, Inc. (NYSE:CPAY)

Crossmark Global Holdings Inc. increased its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 53.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,646 shares of the company's stock after buying an additional 2,657 shares during the period. Crossmark Global Holdings Inc.'s holdings in Corpay were worth $2,630,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC purchased a new position in Corpay during the 1st quarter worth approximately $213,000. GAMMA Investing LLC raised its position in Corpay by 9.9% during the 1st quarter. GAMMA Investing LLC now owns 1,605 shares of the company's stock worth $560,000 after buying an additional 145 shares during the last quarter. Aviso Financial Inc. purchased a new position in shares of Corpay during the 4th quarter valued at approximately $151,000. Janney Montgomery Scott LLC increased its holdings in shares of Corpay by 9.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,913 shares of the company's stock valued at $1,016,000 after purchasing an additional 246 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of Corpay by 15.2% during the 1st quarter. Park Avenue Securities LLC now owns 1,898 shares of the company's stock valued at $662,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Trading Down 3.4%

NYSE CPAY traded down $11.35 during trading hours on Friday, reaching $324.33. The company had a trading volume of 430,162 shares, compared to its average volume of 473,559. The stock has a 50-day moving average of $332.78 and a 200 day moving average of $342.19. Corpay, Inc. has a 1-year low of $265.06 and a 1-year high of $400.81. 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 stock has a market capitalization of $22.86 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.36 and a beta of 0.95.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings results 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 net margin of 25.15% and a return on equity of 41.61%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm earned $4.10 earnings per share. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays cut their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Wall Street Zen lowered shares of Corpay from a "buy" rating to a "hold" rating in a report on Tuesday, July 8th. Oppenheimer began coverage on shares of Corpay in a research note on Monday, April 28th. They set a "market perform" rating on the stock. Wells Fargo & Company lowered 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 note on Thursday, April 24th. Finally, Robert W. Baird set a $440.00 target price on shares of Corpay in a research note on Tuesday, June 10th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $401.86.

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.