Public Employees Retirement System of Ohio Reduces Holdings in Corpay, Inc. (NYSE:CPAY)

Public Employees Retirement System of Ohio lessened its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm 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 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in shares of Corpay by 16.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock worth $69,000 after purchasing an additional 29 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Corpay by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock worth $2,018,000 after purchasing an additional 30 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Corpay by 2.7% during the 4th quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock worth $390,000 after purchasing an additional 30 shares during the last quarter. Lake Street Advisors Group LLC grew its position in shares of Corpay by 3.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock valued at $318,000 after purchasing an additional 32 shares in the last quarter. Finally, Y.D. More Investments Ltd increased its holdings in shares of Corpay by 7.7% in the fourth quarter. Y.D. More Investments Ltd now owns 461 shares of the company's stock valued at $156,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Corpay Stock Performance

Shares of CPAY traded down $3.83 during mid-day trading on Wednesday, hitting $329.40. 428,205 shares of the company's stock were exchanged, compared to its average volume of 479,651. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The business's 50 day moving average is $326.33 and its two-hundred day moving average is $349.83. The firm has a market capitalization of $23.22 billion, a P/E ratio of 23.56, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.50 by $0.01. Corpay had a return on equity of 41.46% and a net margin of 25.25%. The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $4.10 EPS. The firm's quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on CPAY shares. Morgan Stanley raised their target price on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Oppenheimer initiated coverage on shares of Corpay in a report on Monday, April 28th. They issued a "market perform" rating for the company. Wells Fargo & Company reduced their target price 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. Barclays decreased their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, UBS Group cut their price target on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus 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.