New York State Teachers Retirement System Sells 9,115 Shares of Corpay, Inc. (NYSE:CPAY)

New York State Teachers Retirement System reduced its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 12.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,864 shares of the company's stock after selling 9,115 shares during the period. New York State Teachers Retirement System owned 0.09% of Corpay worth $21,573,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Corpay by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock worth $2,623,702,000 after buying an additional 120,688 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Corpay by 20.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock worth $1,976,651,000 after buying an additional 1,000,699 shares during the period. Boston Partners lifted its holdings in Corpay by 6.4% in the fourth quarter. Boston Partners now owns 2,045,398 shares of the company's stock worth $694,847,000 after buying an additional 122,380 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Corpay by 1.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company's stock worth $659,890,000 after buying an additional 20,937 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Corpay by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 1,732,793 shares of the company's stock worth $584,962,000 after buying an additional 54,894 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay Stock Up 0.6%

Shares of CPAY traded up $2.00 on Friday, hitting $339.10. 409,806 shares of the stock traded hands, compared to its average volume of 477,768. The company has a market capitalization of $23.90 billion, a PE ratio of 23.78, a P/E/G ratio of 1.43 and a beta of 0.95. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50 day simple moving average of $332.04 and a 200 day simple moving average of $342.60. Corpay, Inc. has a one year low of $265.06 and a one year high of $400.81.

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

Analyst Ratings Changes

CPAY has been the subject of several research analyst reports. Oppenheimer began coverage on shares of Corpay in a report on Monday, April 28th. They issued a "market perform" rating for the company. Robert W. Baird set a $440.00 target price on shares of Corpay in a report on Tuesday, June 10th. Wells Fargo & Company lowered their target price on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Barclays lowered their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, UBS Group lowered their target price on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $401.86.

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.