Corpay, Inc. $CPAY Shares Sold by Versor Investments LP

Key Points

• Versor Investments LP has reduced its stake in Corpay, Inc. by **62.6%**, leaving it with **1,149 shares** valued at **$401,000** as of its latest SEC filing.
• Corpay reported a **12.9% increase** in revenue year-over-year, with quarterly earnings of **$5.13 per share**, slightly exceeding analyst expectations.
• Research analysts have mixed ratings on Corpay, with a consensus rating of **"Moderate Buy"** and an average target price of **$399.43**.

Versor Investments LP trimmed its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 62.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,149 shares of the company's stock after selling 1,926 shares during the period. Versor Investments LP's holdings in Corpay were worth $401,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in Corpay by 6.2% in the 1st quarter. Cerity Partners LLC now owns 33,385 shares of the company's stock valued at $11,642,000 after buying an additional 1,942 shares during the period. DAVENPORT & Co LLC acquired a new position in Corpay during the 1st quarter worth approximately $213,000. GAMMA Investing LLC grew its holdings in Corpay by 9.9% during the 1st quarter. GAMMA Investing LLC now owns 1,605 shares of the company's stock worth $560,000 after acquiring an additional 145 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Corpay by 9.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,913 shares of the company's stock valued at $1,016,000 after buying an additional 246 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Corpay by 15.2% in the 1st quarter. Park Avenue Securities LLC now owns 1,898 shares of the company's stock valued at $662,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Price Performance

Shares of CPAY traded up $2.63 during trading hours on Tuesday, reaching $325.16. The company had a trading volume of 467,001 shares, compared to its average volume of 560,482. The firm has a 50 day simple moving average of $325.15 and a 200-day simple moving average of $333.07. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $22.96 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 1.22 and a beta of 0.96. Corpay, Inc. has a 12-month low of $269.02 and a 12-month high of $400.81.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CPAY shares. Raymond James Financial set a $392.00 target price on shares of Corpay and gave the company an "outperform" rating in a report on Thursday, August 7th. Oppenheimer initiated coverage on shares of Corpay in a research note on Monday, April 28th. They set a "market perform" rating for the company. UBS Group cut their price objective on shares of Corpay from $365.00 to $340.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Morgan Stanley cut their price objective on shares of Corpay from $360.00 to $356.00 and set an "equal weight" rating for the company in a research report on Monday, August 11th. Finally, Wall Street Zen downgraded shares of Corpay from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Corpay presently has a consensus 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.