Nomura Holdings Inc. Invests $778,000 in Corpay, Inc. (NYSE:CPAY)

Nomura Holdings Inc. acquired a new position in Corpay, Inc. (NYSE:CPAY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,298 shares of the company's stock, valued at approximately $778,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. boosted its stake in Corpay by 163.7% during the fourth quarter. Invesco Ltd. now owns 1,686,665 shares of the company's stock worth $570,801,000 after buying an additional 1,047,080 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Corpay by 20.7% during 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 in the last quarter. Norges Bank acquired a new stake in Corpay during the fourth quarter worth $241,739,000. Raymond James Financial Inc. acquired a new stake in Corpay during the fourth quarter worth $134,950,000. Finally, Van Lanschot Kempen Investment Management N.V. bought a new position in shares of Corpay during the fourth quarter valued at $116,179,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CPAY shares. UBS Group cut 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. Raymond James reissued an "outperform" rating and set a $414.00 price objective (down from $417.00) on shares of Corpay in a report on Wednesday, May 7th. Keefe, Bruyette & Woods lifted their price objective on Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Barclays cut their price objective on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company cut 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 investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $395.07.

Corpay Stock Performance

Corpay stock opened at $348.39 on Tuesday. The stock has a 50-day simple moving average of $328.49 and a 200 day simple moving average of $350.63. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 1.32 and a beta of 0.98.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. Corpay had a return on equity of 41.46% and a net margin of 25.25%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.10 EPS. On average, research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

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.

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