United Services Automobile Association Invests $578,000 in Corpay, Inc. $CPAY

Key Points

• United Services Automobile Association made a new investment of approximately $578,000 in Corpay, Inc. by acquiring 1,666 shares during the first quarter.
• Corpay's stock has a market cap of $22.09 billion and reported a 12.9% year-over-year revenue increase with a quarterly revenue of $1.10 billion.
• Analysts have a consensus rating of "Moderate Buy" for Corpay, with a consensus price target of $399.43.

United Services Automobile Association purchased a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,666 shares of the company's stock, valued at approximately $578,000.

Other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new position in Corpay during the first quarter worth approximately $41,000. Rakuten Securities Inc. purchased a new position in shares of Corpay in the 1st quarter valued at approximately $45,000. Larson Financial Group LLC grew its stake in shares of Corpay by 309.5% in the 1st quarter. Larson Financial Group LLC now owns 172 shares of the company's stock valued at $60,000 after purchasing an additional 130 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Corpay by 29.6% in the 4th quarter. Continuum Advisory LLC now owns 184 shares of the company's stock valued at $62,000 after purchasing an additional 42 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its stake in shares of Corpay by 648.0% in the 1st quarter. Whipplewood Advisors LLC now owns 187 shares of the company's stock valued at $65,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen upgraded Corpay from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Corpay in a research note on Thursday, July 17th. They issued a "buy" rating and a $390.00 target price on the stock. Raymond James Financial set a $392.00 target price on Corpay and gave the company an "outperform" rating in a research note on Thursday, August 7th. Morgan Stanley lowered their target price on Corpay from $360.00 to $356.00 and set an "equal weight" rating on the stock in a research note on Monday, August 11th. Finally, Robert W. Baird set a $440.00 target price on Corpay in a research note on Tuesday, June 10th. Nine 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, Corpay presently has an average rating of "Moderate Buy" and an average target price of $399.43.

Corpay Price Performance

CPAY remained flat at $307.36 during trading on Monday. The company's stock had a trading volume of 83,615 shares, compared to its average volume of 483,545. The stock's 50-day moving average price is $322.35 and its 200 day moving average price is $327.89. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $21.70 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. Corpay, Inc. has a one year low of $269.02 and a one year high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $5.13 earnings per share for the quarter, topping 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 company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the firm posted $4.55 earnings per share. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. On average, analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

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.