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

Jefferies Financial Group Inc. purchased a new stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,706 shares of the company's stock, valued at approximately $3,285,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Corpay by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock valued at $1,653,659,000 after purchasing an additional 120,578 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Corpay by 68.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,966 shares of the company's stock valued at $1,342,000 after acquiring an additional 1,611 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of Corpay in the fourth quarter worth $228,000. SG Americas Securities LLC raised its holdings in shares of Corpay by 90.3% during the fourth quarter. SG Americas Securities LLC now owns 3,458 shares of the company's stock worth $1,170,000 after acquiring an additional 1,641 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Corpay by 16.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock worth $69,000 after acquiring an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Trading Up 0.2%

CPAY stock traded up $0.65 during trading on Thursday, hitting $329.41. The company had a trading volume of 385,983 shares, compared to its average volume of 479,278. The stock has a market cap of $23.22 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.32 and a beta of 0.98. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. The firm has a 50-day moving average price of $326.33 and a 200-day moving average price of $349.83.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, topping analysts' consensus estimates of $4.50 by $0.01. Corpay had a return on equity of 41.46% and a net margin of 25.25%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $4.10 earnings per share. The company's revenue was up 7.5% on a year-over-year basis. As a group, analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Barclays reduced their price target on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Royal Bank of Canada boosted their target price on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Raymond James restated an "outperform" rating and set a $414.00 price target (down previously from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Morgan Stanley raised their price target on shares of Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, UBS Group lowered 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. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $395.07.

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.