Versor Investments LP Has $401,000 Holdings in Corpay, Inc. $CPAY

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

Other institutional investors and hedge funds also recently modified their holdings of the company. Colonial Trust Co SC grew its stake in shares of Corpay by 120.5% in the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company's stock worth $33,000 after purchasing an additional 53 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Corpay in the first quarter worth $41,000. Rakuten Securities Inc. bought a new position in shares of Corpay in the first quarter worth $45,000. Larson Financial Group LLC grew its stake in shares of Corpay by 309.5% in the first quarter. Larson Financial Group LLC now owns 172 shares of the company's stock worth $60,000 after purchasing an additional 130 shares in the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of Corpay by 29.6% in the fourth quarter. Continuum Advisory LLC now owns 184 shares of the company's stock worth $62,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Corpay Trading Up 4.1%

Shares of NYSE CPAY traded up $13.1330 during mid-day trading on Friday, hitting $330.7930. 360,730 shares of the company traded hands, compared to its average volume of 555,364. The business has a 50 day moving average of $325.39 and a two-hundred day moving average of $333.88. The stock has a market capitalization of $23.36 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 1.26 and a beta of 0.96. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48. Corpay, Inc. has a 1 year low of $269.02 and a 1 year high of $400.81.

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

Wall Street Analysts Forecast Growth

CPAY has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on Corpay from $360.00 to $356.00 and set an "equal weight" rating for the company in a research note on Monday, August 11th. Raymond James Financial set a $392.00 price target on Corpay and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Oppenheimer began coverage on Corpay in a research note on Monday, April 28th. They set a "market perform" rating for the company. UBS Group decreased their target price on Corpay from $365.00 to $340.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Finally, Robert W. Baird set a $440.00 target price on Corpay in a research note on Tuesday, June 10th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $399.43.

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.