922 Shares in Corpay, Inc. $CPAY Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC invested approximately $322,000 in Corpay, Inc. by acquiring 922 shares during the first quarter, according to a recent SEC filing.
• Corpay's stock has a current consensus rating of "Moderate Buy" from analysts, with a price target averaging $399.43, despite the company's shares recently being down 1.6%.
• The company reported quarterly earnings of $5.13 EPS, exceeding estimates and marking a 12.9% increase in revenue year-over-year.

MBB Public Markets I LLC acquired a new position in Corpay, Inc. (NYSE:CPAY - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 922 shares of the company's stock, valued at approximately $322,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CPAY. Zions Bancorporation National Association UT acquired a new stake in Corpay in the 1st quarter worth about $41,000. Rakuten Securities Inc. bought a new position in Corpay in the 1st quarter valued at about $45,000. Larson Financial Group LLC increased its holdings in 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 period. Continuum Advisory LLC increased its holdings in 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 period. Finally, Whipplewood Advisors LLC increased its holdings in Corpay by 648.0% in the 1st quarter. Whipplewood Advisors LLC now owns 187 shares of the company's stock valued at $65,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Corpay Price Performance

Shares of Corpay stock traded down $6.19 during midday trading on Friday, hitting $307.41. 350,339 shares of the company traded hands, compared to its average volume of 355,519. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.16 and a beta of 1.00. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.12 and a current ratio of 1.12. The firm's fifty day moving average price is $322.35 and its 200-day moving average price is $327.89. Corpay, Inc. has a 12 month low of $269.02 and a 12 month high of $400.81.

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

Analyst Upgrades and Downgrades

CPAY has been the topic of several recent analyst reports. Morgan Stanley decreased their target price on shares of Corpay from $360.00 to $356.00 and set an "equal weight" rating on the stock in a report on Monday, August 11th. UBS Group decreased their target price on shares of Corpay from $365.00 to $340.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Wall Street Zen raised shares of Corpay from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Corpay in a report on Thursday, July 17th. They issued a "buy" rating and a $390.00 target price on the stock. Finally, Robert W. Baird set a $440.00 target price on shares of Corpay in a report on Tuesday, June 10th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $399.43.

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.