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

Jefferies Financial Group Inc. cut its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 83.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,569 shares of the company's stock after selling 8,137 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Corpay were worth $547,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Colonial Trust Co SC grew its stake in Corpay by 120.5% in the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after buying an additional 53 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of Corpay in the first quarter worth $45,000. Larson Financial Group LLC boosted its holdings in shares of Corpay by 309.5% in the first quarter. Larson Financial Group LLC now owns 172 shares of the company's stock worth $60,000 after acquiring an additional 130 shares during the period. Continuum Advisory LLC grew its position in shares of Corpay by 29.6% in the fourth quarter. Continuum Advisory LLC now owns 184 shares of the company's stock valued at $62,000 after purchasing an additional 42 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its stake in shares of Corpay by 648.0% during the 1st quarter. Whipplewood Advisors LLC now owns 187 shares of the company's stock valued at $65,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group dropped their price objective on Corpay from $365.00 to $340.00 and set a "neutral" rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Corpay in a report on Thursday, July 17th. They issued a "buy" rating and a $390.00 price target on the stock. Wall Street Zen upgraded shares of Corpay from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Robert W. Baird set a $440.00 target price on shares of Corpay in a report on Tuesday, June 10th. Finally, Oppenheimer began coverage on shares of Corpay in a research note on Monday, April 28th. They issued a "market perform" rating on the stock. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Corpay currently has an average rating of "Moderate Buy" and an average target price of $397.93.

Corpay Price Performance

Shares of NYSE CPAY traded down $2.77 during mid-day trading on Friday, reaching $301.73. 580,200 shares of the company were exchanged, compared to its average volume of 540,849. Corpay, Inc. has a 52 week low of $269.02 and a 52 week high of $400.81. The company's 50 day moving average price is $329.21 and its 200 day moving average price is $338.35. The stock has a market capitalization of $21.27 billion, a PE ratio of 20.50, a PEG ratio of 1.15 and a beta of 0.96. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 1.48.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $5.13 earnings per share for the quarter, beating analysts' consensus estimates of $5.11 by $0.02. Corpay had a return on equity of 39.13% and a net margin of 25.17%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $4.55 earnings per share. The company's revenue for the quarter was up 12.9% on a year-over-year basis. Sell-side analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

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.