Siemens Fonds Invest GmbH Grows Position in Corpay, Inc. (NYSE:CPAY)

Siemens Fonds Invest GmbH increased its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 716.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,855 shares of the company's stock after buying an additional 5,138 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Corpay were worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Corpay Trading Down 1.4%

Shares of CPAY stock traded down $4.67 on Friday, hitting $324.94. 906,379 shares of the stock traded hands, compared to its average volume of 481,411. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The stock has a market capitalization of $22.91 billion, a PE ratio of 23.24, a PEG ratio of 1.32 and a beta of 0.98. The firm's 50-day moving average price is $325.76 and its two-hundred day moving average price is $349.52. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00.

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, topping analysts' consensus estimates of $4.50 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Corpay had a return on equity of 41.46% and a net margin of 25.25%. The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $4.10 EPS. As a group, analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CPAY. Barclays cut their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Oppenheimer began coverage on shares of Corpay in a report on Monday, April 28th. They set a "market perform" rating for the company. Keefe, Bruyette & Woods lifted their target price on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their target price on shares of Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company cut their price target on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Five research 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's stock. According to data from 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.