Advisory Alpha LLC Acquires 238 Shares of Corpay, Inc. $CPAY

Advisory Alpha LLC increased its position in shares of Corpay, Inc. (NYSE:CPAY) by 13.1% during the first quarter, HoldingsChannel reports. The fund owned 2,061 shares of the company’s stock after buying an additional 238 shares during the quarter. Advisory Alpha LLC’s holdings in Corpay were worth $719,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPAY. Meeder Advisory Services Inc. lifted its holdings in Corpay by 5.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 678 shares of the company’s stock worth $236,000 after buying an additional 32 shares during the period. Townsquare Capital LLC lifted its holdings in Corpay by 0.7% during the 1st quarter. Townsquare Capital LLC now owns 4,520 shares of the company’s stock worth $1,576,000 after buying an additional 32 shares during the period. Fulton Bank N.A. lifted its stake in shares of Corpay by 2.1% in the 1st quarter. Fulton Bank N.A. now owns 1,665 shares of the company’s stock valued at $581,000 after purchasing an additional 34 shares during the period. Wedmont Private Capital lifted its stake in shares of Corpay by 3.2% in the 1st quarter. Wedmont Private Capital now owns 1,110 shares of the company’s stock valued at $387,000 after purchasing an additional 34 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Corpay by 0.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 12,666 shares of the company’s stock valued at $4,417,000 after purchasing an additional 35 shares during the period. Institutional investors own 98.84% of the company’s stock.

Corpay Stock Performance

Shares of Corpay stock opened at $312.89 on Wednesday. Corpay, Inc. has a one year low of $269.02 and a one year high of $400.81. The firm has a market capitalization of $22.09 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.18 and a beta of 1.00. The business has a 50-day simple moving average of $324.16 and a 200 day simple moving average of $329.38. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $5.11 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Corpay had a return on equity of 39.13% and a net margin of 25.17%.The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.55 EPS. On average, research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CPAY shares. Deutsche Bank Aktiengesellschaft started coverage on Corpay in a research note on Thursday, July 17th. They issued a “buy” rating and a $390.00 price objective on the stock. Raymond James Financial set a $392.00 price objective on Corpay and gave the company an “outperform” rating in a research note on Thursday, August 7th. UBS Group dropped their price objective on Corpay from $365.00 to $340.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Robert W. Baird set a $440.00 target price on Corpay in a research report on Tuesday, June 10th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.43.

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.