Journey Strategic Wealth LLC Grows Stock Position in Corpay, Inc. (NYSE:CPAY)

Journey Strategic Wealth LLC increased its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 150.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,693 shares of the company's stock after buying an additional 2,218 shares during the period. Journey Strategic Wealth LLC's holdings in Corpay were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hendershot Investments Inc. boosted its holdings in shares of Corpay by 2.5% during the first quarter. Hendershot Investments Inc. now owns 33,681 shares of the company's stock worth $11,745,000 after acquiring an additional 808 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Corpay by 18.1% in the first quarter. Venturi Wealth Management LLC now owns 1,359 shares of the company's stock valued at $474,000 after acquiring an additional 208 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Corpay by 21.5% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 50,369 shares of the company's stock valued at $18,292,000 after acquiring an additional 8,922 shares during the period. Choreo LLC boosted its position in shares of Corpay by 3.5% in the first quarter. Choreo LLC now owns 1,285 shares of the company's stock valued at $448,000 after acquiring an additional 44 shares during the period. Finally, GW&K Investment Management LLC boosted its position in shares of Corpay by 0.4% in the first quarter. GW&K Investment Management LLC now owns 60,513 shares of the company's stock valued at $21,102,000 after acquiring an additional 269 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on CPAY. Robert W. Baird set a $440.00 target price on Corpay in a research note on Tuesday, June 10th. Oppenheimer started coverage on shares of Corpay in a report on Monday, April 28th. They set a "market perform" rating for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Corpay in a research report on Thursday, July 17th. They set a "buy" rating and a $390.00 price objective on the stock. Wells Fargo & Company reduced their price target on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Corpay from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $401.07.

Corpay Stock Down 0.1%

NYSE:CPAY traded down $0.39 during mid-day trading on Monday, hitting $335.48. 56,920 shares of the company's stock were exchanged, compared to its average volume of 485,570. Corpay, Inc. has a one year low of $265.06 and a one year high of $400.81. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.10 and a quick ratio of 1.10. The business has a fifty day moving average price of $331.42 and a 200 day moving average price of $341.31. The company has a market cap of $23.65 billion, a PE ratio of 23.53, a P/E/G ratio of 1.28 and a beta of 0.95.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings results 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. Corpay had a return on equity of 41.61% and a net margin of 25.15%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $4.10 EPS. Corpay's quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Corpay, Inc. will post 19.76 EPS for the current 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.