Deutsche Bank AG Buys 3,791 Shares of Corpay, Inc. (NYSE:CPAY)

Deutsche Bank AG increased its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 266,206 shares of the company's stock after acquiring an additional 3,791 shares during the quarter. Deutsche Bank AG owned approximately 0.38% of Corpay worth $92,831,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CPAY. Envestnet Asset Management Inc. boosted its position in shares of Corpay by 11.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 77,672 shares of the company's stock worth $26,286,000 after buying an additional 7,881 shares in the last quarter. Federated Hermes Inc. increased its position in Corpay by 6,150.0% during the 4th quarter. Federated Hermes Inc. now owns 250 shares of the company's stock worth $85,000 after purchasing an additional 246 shares in the last quarter. Covestor Ltd increased its position in Corpay by 31.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the company's stock worth $93,000 after purchasing an additional 66 shares in the last quarter. Optimize Financial Inc acquired a new stake in Corpay during the 4th quarter worth approximately $357,000. Finally, Mariner LLC increased its position in Corpay by 11.2% during the 4th quarter. Mariner LLC now owns 9,986 shares of the company's stock worth $3,379,000 after purchasing an additional 1,005 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPAY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Corpay in a research report on Thursday, July 17th. They set a "buy" rating and a $390.00 target price for the company. UBS Group lowered their price objective on shares of Corpay from $365.00 to $340.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Morgan Stanley set a $356.00 price objective on shares of Corpay and gave the company an "equal weight" rating in a research report on Monday. Robert W. Baird set a $440.00 price objective on shares of Corpay in a research report on Tuesday, June 10th. Finally, Oppenheimer began coverage on shares of Corpay in a research report on Monday, April 28th. They issued a "market perform" rating for the company. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $396.33.

Corpay Stock Performance

Shares of CPAY traded up $3.86 on Thursday, reaching $320.45. 503,538 shares of the stock traded hands, compared to its average volume of 497,822. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.18 and a beta of 0.96. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12. Corpay, Inc. has a 12 month low of $269.02 and a 12 month high of $400.81. The stock's 50-day moving average price is $328.28 and its 200-day moving average price is $337.21.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $5.13 earnings per share for the quarter, beating analysts' consensus estimates of $5.11 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Corpay had a return on equity of 39.13% and a net margin of 25.17%. The business's revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.55 earnings per share. Equities analysts forecast 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.