1,204 Shares in Corpay, Inc. (NYSE:CPAY) Acquired by Epiq Partners LLC

Epiq Partners LLC purchased a new stake in shares of Corpay, Inc. (NYSE:CPAY) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,204 shares of the company’s stock, valued at approximately $371,000.

Other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new stake in shares of Corpay in the first quarter valued at $34,000. Massmutual Trust Co. FSB ADV acquired a new stake in Corpay in the 1st quarter valued at about $61,000. GAMMA Investing LLC bought a new position in shares of Corpay in the first quarter worth about $149,000. Wedmont Private Capital acquired a new position in shares of Corpay during the first quarter worth approximately $242,000. Finally, Ballentine Partners LLC bought a new stake in shares of Corpay during the first quarter valued at approximately $404,000. Institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. BMO Capital Markets reduced their price objective on Corpay from $360.00 to $350.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Barclays lowered their price objective on Corpay from $355.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. Evercore ISI cut their target price on shares of Corpay from $350.00 to $345.00 and set an “outperform” rating on the stock in a research report on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $310.00 price target on shares of Corpay in a research report on Friday, June 21st. Finally, Jefferies Financial Group increased their price objective on shares of Corpay from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $335.20.

Corpay Stock Down 1.8 %

Corpay stock traded down $4.99 during midday trading on Thursday, hitting $265.35. 172,383 shares of the stock were exchanged, compared to its average volume of 471,886. The stock has a market capitalization of $18.65 billion, a PE ratio of 19.92, a PEG ratio of 1.04 and a beta of 1.21. The firm has a fifty day moving average price of $277.18. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.07 and a quick ratio of 1.07. Corpay, Inc. has a 52 week low of $220.39 and a 52 week high of $319.94.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.04. Corpay had a net margin of 26.29% and a return on equity of 36.97%. The company had revenue of $935.25 million for the quarter, compared to analysts’ expectations of $936.25 million. As a group, equities research analysts anticipate that Corpay, Inc. will post 17.83 EPS 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.