Y.D. More Investments Ltd acquired a new stake in shares of Corpay, Inc. (NYSE:CPAY – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 520 shares of the company’s stock, valued at approximately $139,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in shares of Corpay during the 1st quarter worth about $25,000. Headlands Technologies LLC acquired a new stake in Corpay in the 1st quarter worth approximately $31,000. Sunbelt Securities Inc. bought a new stake in Corpay during the first quarter worth approximately $34,000. RFP Financial Group LLC bought a new stake in Corpay during the first quarter worth approximately $35,000. Finally, LGT Financial Advisors LLC acquired a new position in Corpay during the second quarter valued at approximately $33,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.
Corpay Stock Performance
Shares of CPAY opened at $305.50 on Friday. The company’s 50-day moving average is $292.11. The firm has a market capitalization of $21.21 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 1.21 and a beta of 1.22. 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, Inc. has a 52 week low of $220.39 and a 52 week high of $319.94.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. William Blair raised shares of Corpay to a “strong-buy” rating in a report on Thursday, August 8th. Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. Raymond James lowered their price target on Corpay from $330.00 to $311.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price objective on Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company began coverage on Corpay in a report on Wednesday, June 5th. They issued an “equal weight” rating and a $285.00 target price on the stock. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $332.50.
Get Our Latest Analysis on CPAY
Corpay Company 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.
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