Corpay, Inc. (NYSE:CPAY) Shares Bought by Unigestion Holding SA

Unigestion Holding SA raised its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 63.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,083 shares of the company's stock after purchasing an additional 1,583 shares during the quarter. Unigestion Holding SA's holdings in Corpay were worth $1,424,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Whipplewood Advisors LLC boosted its position in Corpay by 648.0% during the first quarter. Whipplewood Advisors LLC now owns 187 shares of the company's stock valued at $65,000 after buying an additional 162 shares during the period. Fulton Bank N.A. grew its position in shares of Corpay by 2.1% during the 1st quarter. Fulton Bank N.A. now owns 1,665 shares of the company's stock valued at $581,000 after acquiring an additional 34 shares during the period. Czech National Bank lifted its holdings in Corpay by 5.9% during the first quarter. Czech National Bank now owns 16,011 shares of the company's stock valued at $5,583,000 after purchasing an additional 896 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Corpay by 6.2% during the 1st quarter. Rhumbline Advisers now owns 146,811 shares of the company's stock valued at $51,196,000 after buying an additional 8,591 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Corpay by 38,235.3% in the 1st quarter. GAMMA Investing LLC now owns 559,696 shares of the company's stock worth $195,177,000 after purchasing an additional 558,236 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Corpay Trading Up 1.3%

NYSE CPAY traded up $4.26 on Thursday, hitting $331.14. The company's stock had a trading volume of 375,472 shares, compared to its average volume of 479,217. The company's 50-day simple moving average is $323.40 and its 200 day simple moving average is $348.30. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The firm has a market cap of $23.34 billion, a P/E ratio of 23.69, a PEG ratio of 1.32 and a beta of 0.98.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $4.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.50 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.10 EPS. Research analysts predict that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CPAY shares. Barclays decreased their price target on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Morgan Stanley lifted their price target on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Oppenheimer started coverage on Corpay in a research note on Monday, April 28th. They issued a "market perform" rating for the company. Raymond James reaffirmed an "outperform" rating and set a $414.00 price target (down from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods upped their price target on Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Corpay currently has a consensus rating of "Moderate Buy" and a consensus price target of $395.07.

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.