Vista Investment Partners LLC Has $1.82 Million Holdings in Corpay, Inc. (NYSE:CPAY)

Vista Investment Partners LLC boosted its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,826 shares of the company’s stock after buying an additional 67 shares during the quarter. Vista Investment Partners LLC’s holdings in Corpay were worth $1,822,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in Corpay during the first quarter valued at approximately $149,000. Massmutual Trust Co. FSB ADV bought a new position in Corpay in the 1st quarter worth $61,000. Fulton Bank N.A. acquired a new position in Corpay during the 1st quarter worth $441,000. Czech National Bank bought a new stake in Corpay during the first quarter valued at about $3,920,000. Finally, Wedmont Private Capital acquired a new stake in shares of Corpay in the first quarter valued at about $242,000. 98.84% of the stock is currently owned by institutional investors.

Corpay Stock Performance

Shares of CPAY stock opened at $350.41 on Friday. The stock has a market cap of $24.62 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. The stock has a 50-day moving average of $311.02 and a 200-day moving average of $292.14. 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 one year low of $220.39 and a one year high of $351.12.

Corpay (NYSE:CPAY) last posted its earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.04. Corpay had a net margin of 26.41% and a return on equity of 38.93%. The company had revenue of $975.70 million for the quarter, compared to analyst estimates of $973.84 million. During the same period last year, the business posted $3.85 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Corpay, Inc. will post 17.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CPAY shares. Royal Bank of Canada restated a “sector perform” rating and set a $310.00 target price on shares of Corpay in a research note on Thursday, August 8th. Bank of America raised their price objective on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays upped their target price on shares of Corpay from $330.00 to $385.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Evercore ISI decreased their price target on shares of Corpay from $350.00 to $345.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Raymond James cut their price objective on shares of Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $350.42.

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.