Corpay, Inc. (NYSE:CPAY) Shares Sold by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC lessened its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 0.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 11,497 shares of the company’s stock after selling 55 shares during the quarter. Corpay comprises approximately 1.6% of Wisconsin Capital Management LLC’s holdings, making the stock its 28th largest position. Wisconsin Capital Management LLC’s holdings in Corpay were worth $3,063,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CPAY. Epic Trust Investment Advisors LLC lifted its position in Corpay by 4.1% in the second quarter. Epic Trust Investment Advisors LLC now owns 998 shares of the company’s stock worth $266,000 after purchasing an additional 39 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Corpay by 21.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the company’s stock worth $64,000 after acquiring an additional 43 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Corpay by 4.3% in the second quarter. Sequoia Financial Advisors LLC now owns 1,320 shares of the company’s stock worth $352,000 after acquiring an additional 54 shares in the last quarter. Capital Insight Partners LLC raised its holdings in shares of Corpay by 2.5% during the second quarter. Capital Insight Partners LLC now owns 2,255 shares of the company’s stock valued at $601,000 after acquiring an additional 55 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Corpay by 0.9% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,754 shares of the company’s stock valued at $2,066,000 after acquiring an additional 71 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Corpay Price Performance

Shares of CPAY stock traded up $4.53 on Monday, hitting $315.55. The company’s stock had a trading volume of 649,200 shares, compared to its average volume of 463,855. The firm has a market cap of $21.91 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.20. Corpay, Inc. has a fifty-two week low of $220.39 and a fifty-two week high of $319.94. The firm’s fifty day moving average price is $284.84. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.02 and a quick ratio of 1.02.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.04. The company had revenue of $975.70 million during the quarter, compared to analysts’ expectations of $973.84 million. Corpay had a return on equity of 38.93% and a net margin of 26.41%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.85 earnings per share. Analysts predict that Corpay, Inc. will post 17.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CPAY has been the topic of several recent analyst reports. William Blair raised shares of Corpay to a “strong-buy” rating in a research note on Thursday, August 8th. Wells Fargo & Company started coverage on Corpay in a research report on Wednesday, June 5th. They set an “equal weight” rating and a $285.00 price target on the stock. Evercore ISI decreased their price objective on Corpay from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Raymond James lowered their target price on Corpay from $330.00 to $311.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Barclays reduced their price target on shares of Corpay from $355.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $332.50.

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.