Silver Oak Securities Incorporated Takes Position in Corpay, Inc. (NYSE:CPAY)

Silver Oak Securities Incorporated purchased a new stake in Corpay, Inc. (NYSE:CPAY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 968 shares of the company's stock, valued at approximately $336,000.

Several other large investors have also modified their holdings of the business. Invesco Ltd. grew its position in Corpay by 163.7% during the 4th quarter. Invesco Ltd. now owns 1,686,665 shares of the company's stock worth $570,801,000 after purchasing an additional 1,047,080 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Corpay by 20.7% during 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 purchasing an additional 1,000,699 shares during the last quarter. Norges Bank purchased a new stake in shares of Corpay in the 4th quarter valued at $241,739,000. GAMMA Investing LLC lifted its stake in shares of Corpay by 38,235.3% in the 1st quarter. GAMMA Investing LLC now owns 559,696 shares of the company's stock valued at $195,177,000 after purchasing an additional 558,236 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Corpay by 4,811.9% in the 1st quarter. Bessemer Group Inc. now owns 557,252 shares of the company's stock valued at $194,326,000 after purchasing an additional 545,907 shares during the period. Institutional investors own 98.84% of the company's stock.

Analyst Ratings Changes

CPAY has been the subject of a number of research analyst reports. 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 shares of Corpay from a "buy" rating to a "hold" rating in a research report on Tuesday. Wells Fargo & Company reduced their price objective on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Raymond James Financial restated an "outperform" rating and set a $414.00 price objective (down from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. Finally, Robert W. Baird set a $440.00 price objective on shares of Corpay in a research report on Tuesday, June 10th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $401.86.

Corpay Trading Up 0.1%

Corpay stock traded up $0.43 during midday trading on Tuesday, hitting $332.55. 312,421 shares of the stock were exchanged, compared to its average volume of 477,476. Corpay, Inc. has a fifty-two week low of $265.06 and a fifty-two week high of $400.81. The stock has a market capitalization of $23.44 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.43 and a beta of 0.95. The stock's 50-day simple moving average is $332.35 and its 200 day simple moving average is $342.57. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.69.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data 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 net margin of 25.15% and a return on equity of 41.61%. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the business earned $4.10 earnings per share. Corpay's revenue was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

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.