Universal Beteiligungs und Servicegesellschaft mbH Buys New Position in Corpay, Inc. (NYSE:CPAY)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Corpay, Inc. (NYSE:CPAY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,473 shares of the company's stock, valued at approximately $23,849,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Corpay as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Jefferies Financial Group Inc. purchased a new stake in shares of Corpay in the fourth quarter worth approximately $3,285,000. Liberty Square Wealth Partners LLC bought a new stake in Corpay during the 4th quarter valued at $192,000. Toronto Dominion Bank raised its position in Corpay by 60.4% during the 4th quarter. Toronto Dominion Bank now owns 36,808 shares of the company's stock valued at $12,457,000 after purchasing an additional 13,854 shares in the last quarter. Parr Mcknight Wealth Management Group LLC bought a new stake in Corpay during the 4th quarter valued at $1,160,000. Finally, Vise Technologies Inc. raised its position in Corpay by 226.8% during the 4th quarter. Vise Technologies Inc. now owns 2,265 shares of the company's stock valued at $767,000 after purchasing an additional 1,572 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group decreased their target price on Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Morgan Stanley lifted their target price on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their target price on Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Barclays decreased their target price on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Keefe, Bruyette & Woods lifted their target price on Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $395.07.

Corpay Stock Down 0.9%

Shares of CPAY traded down $2.99 during trading hours on Monday, hitting $322.12. The company had a trading volume of 646,841 shares, compared to its average volume of 481,247. The company has a market capitalization of $22.71 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a one year low of $247.10 and a one year high of $400.81. The company's fifty day moving average price is $324.37 and its two-hundred day moving average price is $348.60.

Corpay (NYSE:CPAY - Get Free Report) last released 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. Corpay had a return on equity of 41.46% and a net margin of 25.25%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company posted $4.10 EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal 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.