Siemens Fonds Invest GmbH Acquires 5,138 Shares of Corpay, Inc. (NYSE:CPAY)

Siemens Fonds Invest GmbH raised its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 716.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,855 shares of the company's stock after buying an additional 5,138 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Corpay were worth $1,981,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Avion Wealth raised its stake in shares of Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after purchasing an additional 91 shares during the period. Colonial Trust Co SC raised its stake in shares of Corpay by 120.5% during the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after purchasing an additional 53 shares during the period. Spire Wealth Management bought a new stake in shares of Corpay during the 4th quarter valued at $42,000. Assetmark Inc. raised its stake in shares of Corpay by 93.8% during the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after purchasing an additional 60 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in shares of Corpay during the 4th quarter valued at $43,000. 98.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CPAY. Morgan Stanley upped their target price on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Oppenheimer began coverage on Corpay in a research note on Monday, April 28th. They issued a "market perform" rating on the stock. Barclays decreased their target price on Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Raymond James restated an "outperform" rating and issued a $414.00 target price (down from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods upped their target price on Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Corpay currently has a consensus rating of "Moderate Buy" and a consensus price target of $395.07.

Corpay Trading Down 2.3%

CPAY stock traded down $7.91 during trading on Tuesday, hitting $340.85. 420,823 shares of the company traded hands, compared to its average volume of 480,518. The firm has a market capitalization of $24.03 billion, a PE ratio of 24.38, a P/E/G ratio of 1.32 and a beta of 0.98. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81. The company has a 50-day moving average of $328.49 and a 200-day moving average of $350.63. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results 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 41.46% and a net margin of 25.25%. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the business posted $4.10 EPS. Corpay's quarterly revenue was up 7.5% compared to the same quarter last year. Analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

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.