Mawer Investment Management Ltd. Has $360.31 Million Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Key Points

• Mawer Investment Management Ltd. reduced its holdings in Corpay, Inc. by 11.5%, owning approximately 1,033,243 shares after selling 133,688 shares in the first quarter.
• Analysts have a consensus rating of "Moderate Buy" for Corpay, with a target price of $401.07 and varying recommendations from firms like Robert W. Baird and UBS Group.
• Corpay, Inc. reported a net margin of 25.15% and a quarterly revenue increase of 7.5% year-over-year, with a reported earnings per share of $4.51.

Mawer Investment Management Ltd. reduced its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,033,243 shares of the company's stock after selling 133,688 shares during the quarter. Corpay makes up about 1.7% of Mawer Investment Management Ltd.'s investment portfolio, making the stock its 18th biggest holding. Mawer Investment Management Ltd. owned approximately 1.47% of Corpay worth $360,312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Advisory Services Inc. grew its holdings in shares of Corpay by 5.0% during the first quarter. Meeder Advisory Services Inc. now owns 678 shares of the company's stock valued at $236,000 after purchasing an additional 32 shares during the last quarter. Fulton Bank N.A. grew its holdings 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 valued at $581,000 after purchasing an additional 34 shares during the last quarter. Wedmont Private Capital grew its holdings in 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 buying an additional 34 shares in the last quarter. Continuum Advisory LLC grew its holdings in Corpay by 29.6% in the 4th quarter. Continuum Advisory LLC now owns 184 shares of the company's stock worth $62,000 after buying an additional 42 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in Corpay by 1.6% in the 1st quarter. Fifth Third Bancorp now owns 2,691 shares of the company's stock worth $938,000 after buying an additional 43 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Corpay Price Performance

Shares of NYSE:CPAY traded down $6.60 on Friday, reaching $316.45. 342,592 shares of the company traded hands, compared to its average volume of 486,719. Corpay, Inc. has a fifty-two week low of $265.06 and a fifty-two week high of $400.81. The company's 50 day moving average is $330.91 and its 200-day moving average is $340.85. The stock has a market capitalization of $22.31 billion, a PE ratio of 22.20, a P/E/G ratio of 1.25 and a beta of 0.95. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.10 and a quick ratio of 1.10.

Corpay (NYSE:CPAY - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.50 by $0.01. Corpay had a net margin of 25.15% and a return on equity of 41.61%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned $4.10 EPS. The company's revenue was up 7.5% on a year-over-year basis. As a group, analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CPAY. Robert W. Baird set a $440.00 price objective on Corpay in a report on Tuesday, June 10th. Raymond James Financial reissued an "outperform" rating and issued a $414.00 price objective (down from $417.00) on shares of Corpay in a report on Wednesday, May 7th. Wall Street Zen raised Corpay from a "hold" rating to a "buy" rating in a report on Friday, July 18th. UBS Group decreased their price objective on Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, Wells Fargo & Company decreased their price objective on Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Corpay presently has a consensus rating of "Moderate Buy" and an average target price of $401.07.

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.