LSV Asset Management Has $11.67 Million Holdings in Corpay, Inc. (NYSE:CPAY)

Key Points

• LSV Asset Management reduced its holdings in Corpay, Inc. by 3.2%, now owning 33,470 shares valued at approximately $11.67 million.
• Corpay's stock has seen fluctuating analyst ratings, with a consensus rating of "Moderate Buy" and an average price target of $401.07.
• Shares of Corpay, Inc. recently traded at $319.03, down 1.6%, with a market capitalization of $22.49 billion.

LSV Asset Management reduced its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 3.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,470 shares of the company's stock after selling 1,100 shares during the quarter. LSV Asset Management's holdings in Corpay were worth $11,672,000 at the end of the most recent reporting period.

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

Corpay Stock Performance

Shares of Corpay stock traded down $1.14 during trading on Friday, reaching $303.37. The company's stock had a trading volume of 340,490 shares, compared to its average volume of 495,735. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.69. The business's 50-day moving average price is $329.68 and its 200-day moving average price is $339.10. Corpay, Inc. has a 52 week low of $269.02 and a 52 week high of $400.81. The firm has a market cap of $21.38 billion, a PE ratio of 20.59, a P/E/G ratio of 1.20 and a beta of 0.96.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.11 by $0.02. Corpay had a net margin of 25.17% and a return on equity of 41.29%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $4.55 EPS. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. Equities analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current year.

Wall Street Analyst Weigh In

CPAY has been the topic of several analyst reports. Raymond James Financial dropped their price target on shares of Corpay from $414.00 to $392.00 and set an "outperform" rating on the stock in a research report on Thursday. Oppenheimer assumed coverage on shares of Corpay in a report on Monday, April 28th. They issued a "market perform" rating on the stock. Wall Street Zen upgraded shares of Corpay from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Wells Fargo & Company lowered their price target on Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, Robert W. Baird set a $440.00 price objective on Corpay in a research report on Tuesday, June 10th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.