Vanderbilt University Purchases Shares of 4,863 Corpay, Inc. $CPAY

Vanderbilt University purchased a new stake in Corpay, Inc. (NYSE:CPAY) during the second quarter, HoldingsChannel.com reports. The firm purchased 4,863 shares of the company’s stock, valued at approximately $1,614,000.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Corpay by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 7,872,786 shares of the company’s stock valued at $2,745,398,000 after acquiring an additional 119,987 shares during the period. JPMorgan Chase & Co. grew its holdings in Corpay by 11.1% during the 1st quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock worth $1,648,970,000 after acquiring an additional 472,147 shares in the last quarter. Boston Partners boosted its holdings in shares of Corpay by 5.8% in the 1st quarter. Boston Partners now owns 2,163,940 shares of the company’s stock valued at $751,371,000 after buying an additional 118,542 shares during the period. Invesco Ltd. boosted its holdings in shares of Corpay by 12.3% in the 1st quarter. Invesco Ltd. now owns 1,894,732 shares of the company’s stock valued at $660,731,000 after buying an additional 208,067 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Corpay by 30.7% in the 1st quarter. Wellington Management Group LLP now owns 1,275,059 shares of the company’s stock valued at $444,639,000 after buying an additional 299,452 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Stock Performance

CPAY stock opened at $287.21 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $20.28 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.08 and a beta of 0.97. Corpay, Inc. has a 12 month low of $269.02 and a 12 month high of $400.81. The firm has a 50 day moving average of $312.93 and a two-hundred day moving average of $323.75.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.11 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Corpay had a net margin of 25.17% and a return on equity of 39.13%. Corpay’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 earned $4.55 earnings per share. As a group, equities analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CPAY has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of Corpay from $445.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research note on Sunday, September 28th. Robert W. Baird set a $440.00 target price on shares of Corpay in a research note on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Corpay in a research note on Thursday, July 17th. They set a “buy” rating and a $390.00 target price for the company. Finally, Raymond James Financial set a $392.00 price target on shares of Corpay and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Corpay presently has an average rating of “Moderate Buy” and an average target price of $396.21.

Corpay 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.