Generate Investment Management Ltd Has $25.45 Million Position in Corpay, Inc. (NYSE:CPAY)

Generate Investment Management Ltd grew its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 32.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,979 shares of the company's stock after buying an additional 17,697 shares during the quarter. Corpay comprises 1.8% of Generate Investment Management Ltd's holdings, making the stock its 12th biggest position. Generate Investment Management Ltd owned about 0.10% of Corpay worth $25,449,000 as of its most recent filing with the Securities and Exchange Commission.

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

Corpay Stock Up 0.4%

Shares of CPAY traded up $1.32 during trading hours on Friday, reaching $327.36. The company's stock had a trading volume of 473,382 shares, compared to its average volume of 478,734. The company has a 50 day moving average of $329.64 and a two-hundred day moving average of $343.33. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.69. The firm has a market cap of $23.08 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 1.37 and a beta of 0.96. Corpay, Inc. has a 1-year low of $264.08 and a 1-year high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, beating the consensus estimate of $4.50 by $0.01. The firm had revenue of $1.01 billion for 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 company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.10 EPS. As a group, research analysts predict that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CPAY has been the subject of several recent research reports. Wells Fargo & Company cut their target price 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. Raymond James Financial reiterated an "outperform" rating and set a $414.00 price objective (down previously from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. Wall Street Zen lowered Corpay from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Oppenheimer began coverage on Corpay in a research report on Monday, April 28th. They set a "market perform" rating on the stock. Finally, UBS Group reduced their target price on Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Six investment 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.