Heartland Bank & Trust Co Buys Shares of 1,011 Corpay, Inc. (NYSE:CPAY)

Heartland Bank & Trust Co acquired a new stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,011 shares of the company's stock, valued at approximately $353,000.

Several other institutional investors have also bought and sold shares of CPAY. Suncoast Equity Management increased its stake in Corpay by 15.4% in the 1st quarter. Suncoast Equity Management now owns 5,173 shares of the company's stock worth $1,804,000 after buying an additional 690 shares during the period. GAM Holding AG boosted its stake in shares of Corpay by 31.4% during the first quarter. GAM Holding AG now owns 5,490 shares of the company's stock valued at $1,914,000 after purchasing an additional 1,313 shares in the last quarter. Alta Capital Management LLC purchased a new position in Corpay during the first quarter valued at approximately $224,000. Silver Oak Securities Incorporated purchased a new stake in Corpay during the first quarter worth $336,000. Finally, State of Alaska Department of Revenue increased its holdings in shares of Corpay by 0.7% in the 1st quarter. State of Alaska Department of Revenue now owns 30,422 shares of the company's stock valued at $10,608,000 after acquiring an additional 215 shares during the period. Institutional investors own 98.84% of the company's stock.

Corpay Price Performance

Shares of CPAY stock traded up $0.24 during trading hours on Thursday, hitting $326.71. 356,495 shares of the company's stock were exchanged, compared to its average volume of 479,295. The firm has a market cap of $23.03 billion, a P/E ratio of 22.91, a P/E/G ratio of 1.37 and a beta of 0.96. The firm has a 50 day moving average of $329.26 and a two-hundred day moving average of $343.54. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.69. Corpay, Inc. has a fifty-two week low of $264.08 and a fifty-two week 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 EPS 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 during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $4.10 EPS. Corpay's quarterly revenue was up 7.5% on a year-over-year basis. Sell-side analysts forecast that Corpay, Inc. will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded Corpay from a "buy" rating to a "hold" rating in a research report on Sunday. UBS Group reduced their price target on Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Barclays lowered their price objective on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Robert W. Baird set a $440.00 price target on Corpay in a report on Tuesday, June 10th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $414.00 price target (down previously from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Corpay currently has an average rating of "Moderate Buy" and a consensus target price of $401.86.

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.