Public Employees Retirement System of Ohio Sells 1,971 Shares of Corpay, Inc. (NYSE:CPAY)

Public Employees Retirement System of Ohio cut its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,704 shares of the company's stock after selling 1,971 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Corpay were worth $8,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CPAY. JPMorgan Chase & Co. lifted its position in Corpay by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company's stock valued at $1,653,659,000 after purchasing an additional 120,578 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Corpay by 68.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,966 shares of the company's stock valued at $1,342,000 after purchasing an additional 1,611 shares during the last quarter. Dakota Wealth Management bought a new stake in Corpay during the fourth quarter valued at approximately $228,000. SG Americas Securities LLC lifted its position in Corpay by 90.3% during the fourth quarter. SG Americas Securities LLC now owns 3,458 shares of the company's stock valued at $1,170,000 after purchasing an additional 1,641 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Corpay by 16.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock valued at $69,000 after purchasing an additional 29 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Corpay Trading Down 1.4%

Shares of NYSE CPAY traded down $4.67 during mid-day trading on Friday, hitting $324.94. The stock had a trading volume of 906,379 shares, compared to its average volume of 480,582. 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 50 day moving average price of $325.08 and a two-hundred day moving average price of $349.03. The firm has a market cap of $22.91 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81.

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

Analysts Set New Price Targets

Several research firms have commented on CPAY. Oppenheimer began coverage on shares of Corpay in a research note on Monday, April 28th. They set a "market perform" rating on the stock. Wells Fargo & Company decreased their price target on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada lifted their price target on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. UBS Group decreased their price target on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Morgan Stanley lifted their price target on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Five 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $395.07.

About Corpay

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.