Cwm LLC Grows Position in Corpay, Inc. (NYSE:CPAY)

CWM LLC boosted its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 30.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,262 shares of the company's stock after acquiring an additional 761 shares during the period. CWM LLC's holdings in Corpay were worth $1,137,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Colonial Trust Co SC lifted its position in Corpay by 120.5% during the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after acquiring an additional 53 shares during the period. Rakuten Securities Inc. purchased a new position in Corpay during the 1st quarter valued at about $45,000. Continuum Advisory LLC lifted its position in Corpay by 29.6% during the 4th quarter. Continuum Advisory LLC now owns 184 shares of the company's stock valued at $62,000 after acquiring an additional 42 shares during the period. Whipplewood Advisors LLC increased its stake in Corpay by 648.0% during the 1st quarter. Whipplewood Advisors LLC now owns 187 shares of the company's stock valued at $65,000 after purchasing an additional 162 shares in the last quarter. Finally, Quarry LP increased its stake in Corpay by 53.7% during the 4th quarter. Quarry LP now owns 206 shares of the company's stock valued at $70,000 after purchasing an additional 72 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Corpay in a research note on Thursday, July 17th. They set a "buy" rating and a $390.00 price objective for the company. Oppenheimer assumed coverage on shares of Corpay in a research note on Monday, April 28th. They set a "market perform" rating for the company. Raymond James Financial restated an "outperform" rating and set a $414.00 price objective (down from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Barclays reduced their price objective on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Wells Fargo & Company reduced their price objective on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Corpay currently has an average rating of "Moderate Buy" and an average price target of $401.07.

Corpay Stock Performance

NYSE CPAY traded down $10.29 during trading hours on Thursday, hitting $333.85. 930,671 shares of the company's stock traded hands, compared to its average volume of 401,377. The business's fifty day moving average price is $331.68 and its two-hundred day moving average price is $341.61. 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 firm has a market capitalization of $23.53 billion, a P/E ratio of 23.41, a P/E/G ratio of 1.31 and a beta of 0.95. Corpay, Inc. has a 52 week low of $265.06 and a 52 week high of $400.81.

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