Vantage Investment Partners LLC Takes Position in Corpay, Inc. (NYSE:CPAY)

Vantage Investment Partners LLC acquired a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 92,872 shares of the company's stock, valued at approximately $32,386,000. Corpay comprises about 2.7% of Vantage Investment Partners LLC's portfolio, making the stock its 15th biggest holding. Vantage Investment Partners LLC owned about 0.13% of Corpay as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in Corpay by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock worth $2,018,000 after purchasing an additional 30 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Corpay by 2.7% in the 4th quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock valued at $390,000 after purchasing an additional 30 shares during the period. Lake Street Advisors Group LLC lifted its holdings in shares of Corpay by 3.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock valued at $318,000 after purchasing an additional 32 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of Corpay by 2.1% during the first quarter. Fulton Bank N.A. now owns 1,665 shares of the company's stock worth $581,000 after buying an additional 34 shares during the period. Finally, Wedmont Private Capital grew its holdings in shares of Corpay by 3.2% during the first quarter. Wedmont Private Capital now owns 1,110 shares of the company's stock worth $387,000 after buying an additional 34 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Corpay Stock Performance

NYSE CPAY traded down $2.78 during trading on Wednesday, reaching $326.69. The company's stock had a trading volume of 332,294 shares, compared to its average volume of 480,146. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $23.03 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.39 and a beta of 0.96. Corpay, Inc. has a 12 month low of $264.08 and a 12 month high of $400.81. The firm has a 50 day moving average price of $328.49 and a 200 day moving average price of $343.89.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.02 billion. Corpay had a net margin of 25.15% and a return on equity of 41.61%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.10 EPS. As a group, equities analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CPAY shares. UBS Group reduced their price target on Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Raymond James Financial reaffirmed an "outperform" rating and set a $414.00 price target (down from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Wells Fargo & Company decreased their price target on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Wall Street Zen cut shares of Corpay from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Robert W. Baird set a $440.00 price target on shares of Corpay in a research note on Tuesday, June 10th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Corpay presently has an average rating of "Moderate Buy" and a consensus price target of $398.07.

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.