Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Corpay, Inc. (NYSE:CPAY – Free Report) by 9.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,582 shares of the company’s stock after buying an additional 5,841 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Corpay worth $22,093,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPAY. Vanguard Group Inc. boosted its stake in shares of Corpay by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 7,872,786 shares of the company’s stock worth $2,745,398,000 after acquiring an additional 119,987 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Corpay by 11.1% in the 1st quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock worth $1,648,970,000 after purchasing an additional 472,147 shares during the period. Boston Partners raised its holdings in Corpay by 5.5% in the 2nd quarter. Boston Partners now owns 2,283,730 shares of the company’s stock worth $756,697,000 after purchasing an additional 119,790 shares during the period. Invesco Ltd. boosted its position in Corpay by 12.3% during the first quarter. Invesco Ltd. now owns 1,894,732 shares of the company’s stock worth $660,731,000 after purchasing an additional 208,067 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Corpay by 3.5% in the second quarter. Geode Capital Management LLC now owns 1,871,511 shares of the company’s stock valued at $619,643,000 after purchasing an additional 63,287 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Corpay Trading Down 0.5%
Shares of CPAY opened at $272.86 on Wednesday. Corpay, Inc. has a 52-week low of $252.84 and a 52-week high of $400.81. The stock has a market cap of $19.09 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95. The firm’s fifty day moving average is $286.67 and its two-hundred day moving average is $313.44. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. UBS Group reduced their target price on Corpay from $340.00 to $315.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Royal Bank Of Canada upped their price objective on shares of Corpay from $336.00 to $344.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Jefferies Financial Group reiterated a “buy” rating on shares of Corpay in a research report on Monday, November 3rd. Morgan Stanley cut their target price on shares of Corpay from $360.00 to $356.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. Finally, Williams Trading set a $300.00 price target on shares of Corpay in a research report on Monday, November 3rd. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $379.71.
View Our Latest Report on Corpay
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.
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