Heartland Bank & Trust Co Purchases New Position in Corpay, Inc. (NYSE:CPAY)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Suncoast Equity Management boosted its holdings in Corpay by 15.4% in the first quarter. Suncoast Equity Management now owns 5,173 shares of the company's stock valued at $1,804,000 after purchasing an additional 690 shares in the last quarter. GAM Holding AG boosted its holdings in shares of Corpay by 31.4% in the first quarter. GAM Holding AG now owns 5,490 shares of the company's stock valued at $1,914,000 after acquiring an additional 1,313 shares during the period. Alta Capital Management LLC acquired a new stake in shares of Corpay in the first quarter valued at approximately $224,000. Silver Oak Securities Incorporated acquired a new stake in shares of Corpay in the first quarter valued at approximately $336,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Corpay by 0.7% in the first 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. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPAY. Barclays decreased their price objective on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Wall Street Zen downgraded Corpay from a "buy" rating to a "hold" rating in a report on Sunday. UBS Group decreased their price objective on Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Oppenheimer began coverage on Corpay in a report on Monday, April 28th. They issued a "market perform" rating for the company. Finally, Raymond James Financial reissued 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. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned 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 $398.07.

Corpay Trading Up 0.6%

NYSE:CPAY opened at $316.30 on Monday. The stock has a fifty day moving average price of $327.89 and a two-hundred day moving average price of $344.30. The stock has a market capitalization of $22.30 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.33 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. 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 (EPS) for the quarter, topping the consensus estimate of $4.50 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. Corpay had a return on equity of 41.61% and a net margin of 25.15%. Corpay's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.10 earnings per share. As a group, sell-side analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

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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