Pacer Advisors Inc. trimmed its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 36.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,562 shares of the company's stock after selling 2,006 shares during the period. Pacer Advisors Inc.'s holdings in Corpay were worth $1,242,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in Corpay by 14.2% in the first quarter. Cetera Investment Advisers now owns 4,012 shares of the company's stock valued at $1,399,000 after purchasing an additional 499 shares during the last quarter. Journey Strategic Wealth LLC lifted its stake in Corpay by 150.4% in the first quarter. Journey Strategic Wealth LLC now owns 3,693 shares of the company's stock valued at $1,288,000 after purchasing an additional 2,218 shares during the last quarter. Hendershot Investments Inc. lifted its stake in Corpay by 2.5% in the first quarter. Hendershot Investments Inc. now owns 33,681 shares of the company's stock valued at $11,745,000 after purchasing an additional 808 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Corpay by 18.1% in the first quarter. Venturi Wealth Management LLC now owns 1,359 shares of the company's stock valued at $474,000 after purchasing an additional 208 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Corpay by 21.5% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 50,369 shares of the company's stock worth $18,292,000 after acquiring an additional 8,922 shares in the last quarter. 98.84% of the stock is owned by institutional investors.
Analysts Set New Price Targets
CPAY has been the subject of several recent analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $414.00 price objective (down previously from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft began coverage on Corpay in a research report on Thursday, July 17th. They issued a "buy" rating and a $390.00 price objective on the stock. Robert W. Baird set a $440.00 price objective on Corpay in a research report on Tuesday, June 10th. Oppenheimer began coverage on Corpay in a research report on Monday, April 28th. They issued a "market perform" rating on the stock. Finally, UBS Group lowered their price objective on Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Five research 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $401.07.
View Our Latest Research Report on CPAY
Corpay Stock Performance
Shares of NYSE:CPAY traded down $6.81 during midday trading on Friday, hitting $316.24. The company had a trading volume of 545,431 shares, compared to its average volume of 426,833. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $22.29 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.20 and a beta of 0.96. Corpay, Inc. has a 12-month low of $265.06 and a 12-month high of $400.81. The company has a fifty day moving average of $330.75 and a two-hundred day moving average of $340.56.
Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 EPS 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 analyst estimates of $1.02 billion. Corpay had a return on equity of 41.61% and a net margin of 25.15%. Corpay's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.10 EPS. On average, equities research analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.
About Corpay
(
Free Report)
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.
Further Reading
Before you consider Corpay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Corpay wasn't on the list.
While Corpay currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
