Generate Investment Management Ltd boosted its stake in shares of Corpay, Inc. (NYSE:CPAY – Free Report) by 49.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 75,000 shares of the company’s stock after buying an additional 24,751 shares during the period. Generate Investment Management Ltd owned approximately 0.11% of Corpay worth $21,604,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of CPAY. CVA Family Office LLC increased its position in shares of Corpay by 56.7% during the second quarter. CVA Family Office LLC now owns 94 shares of the company’s stock worth $31,000 after acquiring an additional 34 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in Corpay in the 2nd quarter worth $33,000. Ameritas Advisory Services LLC acquired a new position in Corpay in the 2nd quarter worth $37,000. CYBER HORNET ETFs LLC bought a new position in Corpay during the 2nd quarter worth about $63,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Corpay in the 2nd quarter valued at about $68,000. Institutional investors own 98.84% of the company’s stock.
Corpay Stock Down 1.2%
Shares of NYSE:CPAY opened at $305.15 on Wednesday. The business has a fifty day simple moving average of $291.66 and a 200 day simple moving average of $306.48. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.41. The firm has a market cap of $21.35 billion, a P/E ratio of 20.72, a P/E/G ratio of 1.09 and a beta of 0.84. Corpay, Inc. has a 12-month low of $252.84 and a 12-month high of $400.81.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Williams Trading set a $300.00 price objective on Corpay in a research report on Monday, November 3rd. Wall Street Zen cut Corpay from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Oppenheimer raised shares of Corpay from a “market perform” rating to an “outperform” rating and set a $380.00 price target for the company in a research note on Friday, December 5th. JPMorgan Chase & Co. lowered their price objective on shares of Corpay from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Royal Bank Of Canada increased their price target on Corpay from $336.00 to $344.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Corpay has a consensus rating of “Moderate Buy” and a consensus target price of $375.43.
Get Our Latest Analysis on Corpay
Corpay Company Profile
Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.
Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.
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