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

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its position in Corpay by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock valued at $2,018,000 after buying an additional 30 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Corpay by 2.7% during the fourth quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock valued at $390,000 after purchasing an additional 30 shares in the last quarter. Lake Street Advisors Group LLC raised its position in Corpay by 3.5% in the 4th quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock worth $318,000 after buying an additional 32 shares during the last quarter. Fulton Bank N.A. grew its position in Corpay by 2.1% in the 1st quarter. Fulton Bank N.A. now owns 1,665 shares of the company's stock worth $581,000 after purchasing an additional 34 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of Corpay by 3.2% during the 1st quarter. Wedmont Private Capital now owns 1,110 shares of the company's stock valued at $387,000 after buying an additional 34 shares during the period. Institutional investors own 98.84% of the company's stock.

Analyst Ratings Changes

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

Corpay Trading Down 0.8%

Shares of CPAY traded down $2.78 during trading hours on Wednesday, reaching $326.69. 332,294 shares of the company traded hands, compared to its average volume of 480,146. The stock's fifty day moving average price is $328.49 and its 200 day moving average price is $343.89. 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 cap of $23.03 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.39 and a beta of 0.96. Corpay, Inc. has a 12-month low of $264.08 and a 12-month high of $400.81.

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 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 revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $4.10 EPS. Sell-side analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current year.

Corpay 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.