Vise Technologies Inc. Raises Holdings in Corpay, Inc. (NYSE:CPAY)

Vise Technologies Inc. boosted its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 226.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,265 shares of the company's stock after buying an additional 1,572 shares during the quarter. Vise Technologies Inc.'s holdings in Corpay were worth $767,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CPAY. Avion Wealth grew its holdings in shares of Corpay by 1,011.1% during the fourth quarter. Avion Wealth now owns 100 shares of the company's stock worth $33,000 after purchasing an additional 91 shares during the last quarter. Colonial Trust Co SC grew its holdings in shares of Corpay by 120.5% during 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 during the last quarter. Spire Wealth Management purchased a new position in shares of Corpay during the fourth quarter worth about $42,000. Assetmark Inc. grew its holdings in shares of Corpay by 93.8% during the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after purchasing an additional 60 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Corpay during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Price Performance

Shares of CPAY stock traded down $5.53 during midday trading on Friday, reaching $324.09. 142,338 shares of the company traded hands, compared to its average volume of 478,316. The firm's 50 day simple moving average is $325.76 and its two-hundred day simple moving average is $349.52. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $400.81. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The firm has a market cap of $22.85 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings results 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. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm earned $4.10 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CPAY. Royal Bank of Canada raised their price objective on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. UBS Group decreased their target price on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Morgan Stanley increased their target price on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Wells Fargo & Company decreased their target price 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. Finally, Raymond James reiterated an "outperform" rating and set a $414.00 target price (down previously from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Corpay has an average rating of "Moderate Buy" and an average target price of $395.07.

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.