Corpay, Inc. (NYSE:CPAY) Shares Sold by Inspire Advisors LLC

Inspire Advisors LLC trimmed its position in Corpay, Inc. (NYSE:CPAY) by 21.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,481 shares of the company’s stock after selling 409 shares during the quarter. Inspire Advisors LLC’s holdings in Corpay were worth $516,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CPAY. Price T Rowe Associates Inc. MD lifted its holdings in shares of Corpay by 20.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company’s stock worth $1,976,651,000 after acquiring an additional 1,000,699 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Corpay by 1.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company’s stock worth $659,890,000 after acquiring an additional 20,937 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Corpay by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,732,793 shares of the company’s stock worth $584,962,000 after acquiring an additional 54,894 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Corpay by 163.7% in the 4th quarter. Invesco Ltd. now owns 1,686,665 shares of the company’s stock worth $570,801,000 after acquiring an additional 1,047,080 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Corpay by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 779,288 shares of the company’s stock worth $263,722,000 after acquiring an additional 42,945 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Trading Down 0.6%

Shares of NYSE:CPAY opened at $333.69 on Tuesday. Corpay, Inc. has a 52 week low of $265.06 and a 52 week high of $400.81. The company’s 50 day moving average is $331.12 and its two-hundred day moving average is $341.20. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.69. The company has a market cap of $23.52 billion, a PE ratio of 23.40, a P/E/G ratio of 1.28 and a beta of 0.95.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $4.50 by $0.01. Corpay had a net margin of 25.15% and a return on equity of 41.61%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm posted $4.10 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on CPAY shares. Oppenheimer started coverage on shares of Corpay in a report on Monday, April 28th. They issued a “market perform” rating on the stock. Wells Fargo & Company decreased their price objective on shares of Corpay from $375.00 to $339.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. UBS Group decreased their price objective on shares of Corpay from $400.00 to $365.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Barclays cut their target price on shares of Corpay from $440.00 to $400.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Finally, Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $401.07.

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.