GAM Holding AG Purchases 1,313 Shares of Corpay, Inc. (NYSE:CPAY)

GAM Holding AG grew its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 31.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,490 shares of the company's stock after purchasing an additional 1,313 shares during the quarter. GAM Holding AG's holdings in Corpay were worth $1,914,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Colonial Trust Co SC raised its position in shares of Corpay by 120.5% in the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after purchasing an additional 53 shares during the period. Assetmark Inc. grew its stake in shares of Corpay by 93.8% in the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after acquiring an additional 60 shares in the last quarter. Rakuten Securities Inc. acquired a new position in shares of Corpay in the first quarter valued at about $45,000. EverSource Wealth Advisors LLC grew its stake in shares of Corpay by 70.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock valued at $45,000 after acquiring an additional 55 shares in the last quarter. Finally, Knuff & Co LLC acquired a new position in shares of Corpay in the fourth quarter valued at about $54,000. 98.84% of the stock is owned by institutional investors.

Corpay Trading Up 0.6%

CPAY opened at $316.30 on Friday. The company's 50 day moving average is $327.89 and its 200-day moving average is $344.46. Corpay, Inc. has a 1-year low of $264.08 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 company has a market cap of $22.30 billion, a P/E ratio of 22.18, a PEG ratio of 1.33 and a beta of 0.96.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings results 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. 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 the consensus estimate of $1.02 billion. During the same period last year, the company posted $4.10 EPS. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CPAY. Wall Street Zen downgraded shares of Corpay from a "buy" rating to a "hold" rating in a research note on Sunday. Raymond James Financial restated an "outperform" rating and issued a $414.00 price target (down from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Wells Fargo & Company decreased their price target 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. Robert W. Baird set a $440.00 price target on shares of Corpay in a research note on Tuesday, June 10th. Finally, Oppenheimer began coverage on shares of Corpay in a research note on Monday, April 28th. They issued a "market perform" rating on the stock. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $398.07.

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.

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