Jefferies Financial Group Inc. Reduces Stock Position in Corpay, Inc. (NYSE:CPAY)

Jefferies Financial Group Inc. cut its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 83.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,569 shares of the company's stock after selling 8,137 shares during the period. Jefferies Financial Group Inc.'s holdings in Corpay were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPAY. Meeder Advisory Services Inc. increased its stake in Corpay by 5.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 678 shares of the company's stock valued at $236,000 after purchasing an additional 32 shares in the last quarter. Fulton Bank N.A. increased 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. Wedmont Private Capital raised its holdings 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 acquiring an additional 34 shares during the last quarter. Continuum Advisory LLC lifted its position in Corpay by 29.6% in the 4th quarter. Continuum Advisory LLC now owns 184 shares of the company's stock valued at $62,000 after acquiring an additional 42 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Corpay by 1.6% during the 1st quarter. Fifth Third Bancorp now owns 2,691 shares of the company's stock valued at $938,000 after purchasing an additional 43 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Stock Performance

NYSE CPAY traded down $2.77 on Friday, hitting $301.73. 580,200 shares of the stock traded hands, compared to its average volume of 497,489. 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's fifty day moving average is $329.68 and its two-hundred day moving average is $339.10. Corpay, Inc. has a 12 month low of $269.02 and a 12 month high of $400.81. The firm has a market capitalization of $21.27 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.20 and a beta of 0.96.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $5.13 EPS for the quarter, beating analysts' consensus estimates of $5.11 by $0.02. Corpay had a return on equity of 41.29% and a net margin of 25.17%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the firm earned $4.55 EPS. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, equities analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on CPAY. Raymond James Financial lowered their price objective on Corpay from $414.00 to $392.00 and set an "outperform" rating for the company in a research note on Thursday. Wells Fargo & Company decreased their price target on Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Wall Street Zen upgraded Corpay from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Robert W. Baird set a $440.00 price objective on shares of Corpay in a report on Tuesday, June 10th. Finally, Barclays lowered their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $397.93.

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.