Soros Capital Management LLC Takes $10.37 Million Position in Corpay, Inc. $CPAY

Key Points

• Soros Capital Management LLC has acquired a new stake in Corpay, Inc. valued at approximately $10.37 million, making it the 16th biggest position in their portfolio.
• Corpay, Inc. recently reported earnings with an EPS of $5.13, exceeding analysts' expectations, and showed a 12.9% increase in revenue compared to the previous year.
• The stock has received ratings from several brokerages, including a "buy" rating from Deutsche Bank with a target price of $390.00, and it is currently rated as a "Moderate Buy" overall by analysts.

Soros Capital Management LLC acquired a new stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 29,749 shares of the company's stock, valued at approximately $10,374,000. Corpay accounts for approximately 2.7% of Soros Capital Management LLC's portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Colonial Trust Co SC boosted its position in shares of Corpay by 120.5% in the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company's stock worth $33,000 after purchasing an additional 53 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of Corpay during the 1st quarter valued at $41,000. Rakuten Securities Inc. bought a new position in Corpay in the 1st quarter worth $45,000. Larson Financial Group LLC increased its stake in Corpay by 309.5% in the 1st quarter. Larson Financial Group LLC now owns 172 shares of the company's stock worth $60,000 after buying an additional 130 shares in the last quarter. Finally, Continuum Advisory LLC increased its stake in Corpay by 29.6% in the 4th quarter. Continuum Advisory LLC now owns 184 shares of the company's stock worth $62,000 after buying an additional 42 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Corpay Stock Performance

NYSE:CPAY opened at $330.7930 on Monday. The company has a market cap of $23.36 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 1.26 and a beta of 0.96. Corpay, Inc. has a 1 year low of $269.02 and a 1 year high of $400.81. The stock's 50 day simple moving average is $325.39 and its two-hundred day simple moving average is $333.49. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12.

Corpay (NYSE:CPAY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $5.13 EPS for the quarter, beating analysts' consensus estimates of $5.11 by $0.02. Corpay had a return on equity of 39.13% and a net margin of 25.17%.The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company earned $4.55 EPS. The company's quarterly revenue was up 12.9% compared to the same quarter last year. As a group, equities analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CPAY. Deutsche Bank Aktiengesellschaft started coverage on Corpay in a research report on Thursday, July 17th. They issued a "buy" rating and a $390.00 price objective on the stock. Wall Street Zen cut Corpay from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Raymond James Financial set a $392.00 price target on Corpay and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Robert W. Baird set a $440.00 price objective on shares of Corpay in a report on Tuesday, June 10th. Finally, Oppenheimer began coverage on shares of Corpay in a report on Monday, April 28th. They issued a "market perform" rating on the stock. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $399.43.

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.

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