GHP Investment Advisors Inc. Raises Stock Holdings in Corpay, Inc. (NYSE:CPAY)

GHP Investment Advisors Inc. boosted its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 25.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,265 shares of the company's stock after purchasing an additional 1,855 shares during the period. GHP Investment Advisors Inc.'s holdings in Corpay were worth $3,231,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CPAY shares. Oppenheimer assumed coverage on shares of Corpay in a research report on Monday, April 28th. They issued a "market perform" rating for the company. Raymond James Financial restated an "outperform" rating and issued a $414.00 price objective (down from $417.00) on shares of Corpay in a report on Wednesday, May 7th. Robert W. Baird set a $440.00 target price on shares of Corpay in a research report on Tuesday, June 10th. Wells Fargo & Company lowered their price target on Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, UBS Group reduced their price target on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Six equities research 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 company. According to MarketBeat, Corpay has an average rating of "Moderate Buy" and an average price target of $398.07.

Corpay Price Performance

Shares of Corpay stock traded down $2.78 during trading hours on Wednesday, hitting $326.69. The company's stock had a trading volume of 332,294 shares, compared to its average volume of 495,577. The company has a market cap of $23.03 billion, a PE ratio of 22.91, a PEG ratio of 1.35 and a beta of 0.96. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50 day moving average price of $328.49 and a two-hundred day moving average price of $343.89. 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 results on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, topping the consensus estimate of $4.50 by $0.01. Corpay had a net margin of 25.15% and a return on equity of 41.61%. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the company earned $4.10 EPS. The business's quarterly revenue was up 7.5% compared to the same quarter last year. Analysts expect that Corpay, Inc. will post 19.76 earnings per share 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.