Silver Oak Securities Incorporated Buys Shares of 968 Corpay, Inc. (NYSE:CPAY)

Silver Oak Securities Incorporated bought a new stake in Corpay, Inc. (NYSE:CPAY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 968 shares of the company's stock, valued at approximately $336,000.

Several other hedge funds also recently modified their holdings of CPAY. Vanguard Group Inc. increased its holdings in Corpay by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock worth $2,623,702,000 after buying an additional 120,688 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Corpay by 20.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock valued at $1,976,651,000 after acquiring an additional 1,000,699 shares in the last quarter. Boston Partners lifted its position in Corpay by 6.4% during the fourth quarter. Boston Partners now owns 2,045,398 shares of the company's stock worth $694,847,000 after purchasing an additional 122,380 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Corpay by 1.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company's stock worth $659,890,000 after purchasing an additional 20,937 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Corpay by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 1,732,793 shares of the company's stock worth $584,962,000 after acquiring an additional 54,894 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CPAY shares. Oppenheimer initiated coverage on shares of Corpay in a research report on Monday, April 28th. They set a "market perform" rating for the company. Wall Street Zen cut Corpay from a "buy" rating to a "hold" rating in a research note on Tuesday. Robert W. Baird set a $440.00 price target on Corpay in a research report on Tuesday, June 10th. Raymond James Financial reissued an "outperform" rating and set a $414.00 price objective (down previously from $417.00) on shares of Corpay in a report on Wednesday, May 7th. Finally, UBS Group cut their target price on Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Corpay currently has an average rating of "Moderate Buy" and an average target price of $401.86.

Corpay Stock Performance

CPAY stock traded up $4.55 during midday trading on Thursday, reaching $335.74. The company had a trading volume of 490,973 shares, compared to its average volume of 475,282. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.69. The stock has a 50 day moving average price of $332.64 and a 200 day moving average price of $342.42. Corpay, Inc. has a fifty-two week low of $265.06 and a fifty-two week high of $400.81. The firm has a market capitalization of $23.67 billion, a PE ratio of 23.54, a P/E/G ratio of 1.40 and a beta of 0.95.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $1.02 billion. Corpay had a net margin of 25.15% and a return on equity of 41.61%. Corpay's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.10 earnings per share. Analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current year.

Corpay Company 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.