Wealthquest Corp Invests $1.72 Million in Corpay, Inc. (NYSE:CPAY)

Wealthquest Corp purchased a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,934 shares of the company's stock, valued at approximately $1,721,000. Corpay makes up approximately 0.2% of Wealthquest Corp's portfolio, making the stock its 28th biggest position.

Several other large investors also recently made changes to their positions in CPAY. Vanguard Group Inc. lifted its position in shares of Corpay by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock worth $2,623,702,000 after purchasing an additional 120,688 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Corpay by 20.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock worth $1,976,651,000 after purchasing an additional 1,000,699 shares during the last quarter. Boston Partners lifted its position in shares of Corpay by 6.4% during the 4th quarter. Boston Partners now owns 2,045,398 shares of the company's stock worth $694,847,000 after purchasing an additional 122,380 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Corpay by 1.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company's stock worth $659,890,000 after purchasing an additional 20,937 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Corpay by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 1,732,793 shares of the company's stock worth $584,962,000 after purchasing an additional 54,894 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Corpay Trading Up 0.1%

CPAY traded up $0.24 during mid-day trading on Thursday, reaching $326.71. The stock had a trading volume of 356,495 shares, compared to its average volume of 479,295. The firm's fifty day simple moving average is $328.89 and its two-hundred day simple moving average is $343.77. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $23.03 billion, a P/E ratio of 22.91, a P/E/G ratio of 1.39 and a beta of 0.96. Corpay, Inc. has a 52 week low of $264.08 and a 52 week high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, beating the consensus estimate of $4.50 by $0.01. Corpay had a return on equity of 41.61% and a net margin of 25.15%. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the company earned $4.10 EPS. Corpay's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Corpay, Inc. will post 19.76 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on CPAY. Raymond James Financial reissued an "outperform" rating and set a $414.00 price objective (down previously from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. UBS Group cut their price objective on Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Robert W. Baird set a $440.00 price objective on Corpay in a research report on Tuesday, June 10th. Wells Fargo & Company cut their price target on Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, Barclays cut their price target on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $401.86.

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.