Sora Investors LLC Purchases Shares of 7,143 Corpay, Inc. (NYSE:CPAY)

Sora Investors LLC purchased a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,143 shares of the company's stock, valued at approximately $2,417,000.

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

Wall Street Analysts Forecast Growth

CPAY has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective 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. Royal Bank of Canada boosted their price objective on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Oppenheimer started coverage on Corpay in a research report on Monday, April 28th. They set a "market perform" rating for the company. Morgan Stanley boosted their price objective on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, Barclays lowered their price objective on Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $395.07.

Corpay Trading Down 0.1%

Shares of NYSE CPAY traded down $0.39 during midday trading on Monday, reaching $348.39. 314,931 shares of the stock were exchanged, compared to its average volume of 480,599. The company has a market capitalization of $24.56 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.32 and a beta of 0.98. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average price of $328.21 and a 200-day moving average price of $350.50.

Corpay (NYSE:CPAY - Get Free Report) last released its 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 firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $4.10 earnings per share. Corpay's revenue was up 7.5% compared to the same quarter last year. Equities research analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

About Corpay

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.