ProShare Advisors LLC Acquires 1,588 Shares of Corpay, Inc. (NYSE:CPAY)

ProShare Advisors LLC boosted its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,933 shares of the company's stock after buying an additional 1,588 shares during the period. ProShare Advisors LLC's holdings in Corpay were worth $5,054,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Corpay by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock worth $2,623,702,000 after acquiring an additional 120,688 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Corpay by 20.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock worth $1,976,651,000 after acquiring an additional 1,000,699 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Corpay by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock worth $1,653,659,000 after acquiring an additional 120,578 shares during the period. Boston Partners lifted its position in shares of Corpay by 6.4% in the 4th quarter. Boston Partners now owns 2,045,398 shares of the company's stock worth $694,847,000 after acquiring an additional 122,380 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Corpay by 1.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company's stock worth $659,890,000 after acquiring an additional 20,937 shares during the period. 98.84% of the stock is owned by institutional investors.

Corpay Stock Performance

Shares of NYSE:CPAY opened at $348.39 on Tuesday. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The firm has a market cap of $24.56 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The business has a fifty day moving average of $328.49 and a 200-day moving average of $350.63.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Raymond James restated an "outperform" rating and issued a $414.00 price objective (down previously from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. UBS Group dropped their price objective on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Oppenheimer started coverage on shares of Corpay in a research note on Monday, April 28th. They issued a "market perform" rating for the company. Barclays lowered their price objective on Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley upped their price objective on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Corpay presently has an average rating of "Moderate Buy" and an average target price of $395.07.

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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