Vident Advisory LLC Purchases 2,803 Shares of Corpay, Inc. $CPAY

Key Points

• Vident Advisory LLC increased its stake in Corpay, Inc. by 127.5% in Q1, purchasing an additional 2,803 shares, bringing its total to 5,001 shares valued at $1.744 million.
• Corpay's stock rose 0.1% to $325.64, with a market capitalization of $22.99 billion and a PE ratio of 22.12.
• Analysts have mixed views on Corpay, with a consensus rating of "Moderate Buy" and price targets ranging from $340 to $440.

Vident Advisory LLC raised its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 127.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 5,001 shares of the company's stock after acquiring an additional 2,803 shares during the period. Vident Advisory LLC's holdings in Corpay were worth $1,744,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Colonial Trust Co SC lifted its stake in Corpay by 120.5% in the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after acquiring an additional 53 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Corpay during the 1st quarter worth approximately $41,000. Rakuten Securities Inc. bought a new stake in shares of Corpay during the 1st quarter worth approximately $45,000. Larson Financial Group LLC raised its stake in shares of Corpay by 309.5% during the 1st 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 raised its stake in shares of Corpay by 29.6% during the 4th 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 Stock Up 0.1%

CPAY stock opened at $325.64 on Tuesday. 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 firm has a market capitalization of $22.99 billion, a PE ratio of 22.12, a PEG ratio of 1.24 and a beta of 1.00. Corpay, Inc. has a 1-year low of $269.02 and a 1-year high of $400.81. The business's 50 day simple moving average is $325.84 and its 200 day simple moving average is $331.52.

Corpay (NYSE:CPAY - Get Free Report) last posted its 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. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Corpay had a return on equity of 39.13% and a net margin of 25.17%.The firm's revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.55 EPS. As a group, research analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Wall Street Analyst Weigh In

CPAY has been the topic of a number of analyst reports. Robert W. Baird set a $440.00 price objective on Corpay in a research note on Tuesday, June 10th. Morgan Stanley dropped their price objective 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. Wall Street Zen cut Corpay from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Corpay in a research note on Thursday, July 17th. They set a "buy" rating and a $390.00 price objective on the stock. Finally, UBS Group dropped their price objective on Corpay from $365.00 to $340.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock 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.

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