Corpay, Inc. (NYSE:CPAY) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 31.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 252,428 shares of the company's stock after purchasing an additional 59,971 shares during the period. Nuveen Asset Management LLC owned approximately 0.36% of Corpay worth $85,427,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CPAY. Avion Wealth raised its holdings in Corpay by 1,011.1% during the fourth quarter. Avion Wealth now owns 100 shares of the company's stock worth $33,000 after purchasing an additional 91 shares in the last quarter. Colonial Trust Co SC boosted its holdings in shares of Corpay by 120.5% in the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after buying an additional 53 shares during the period. Spire Wealth Management acquired a new position in Corpay during the 4th quarter valued at about $42,000. Assetmark Inc. raised its position in shares of Corpay by 93.8% during the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after buying an additional 60 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new stake in shares of Corpay in the 4th quarter worth approximately $43,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPAY has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company dropped their target price on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Morgan Stanley boosted their price objective on shares of Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, Raymond James reiterated 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. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Corpay currently has an average rating of "Moderate Buy" and a consensus target price of $395.07.

Corpay Stock Down 3.7%

NYSE CPAY traded down $12.76 on Wednesday, hitting $328.07. The stock had a trading volume of 378,345 shares, compared to its average volume of 480,111. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81. The business's fifty day moving average price is $328.74 and its 200 day moving average price is $350.56. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The stock has a market cap of $23.13 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98.

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