J. Goldman & Co LP Grows Stock Holdings in Corpay, Inc. (NYSE:CPAY)

J. Goldman & Co LP raised its position in shares of Corpay, Inc. (NYSE:CPAY) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,947 shares of the company’s stock after purchasing an additional 697 shares during the period. J. Goldman & Co LP’s holdings in Corpay were worth $3,028,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its stake in shares of Corpay by 16.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock valued at $69,000 after buying an additional 29 shares during the last quarter. Tealwood Asset Management Inc. grew its stake in shares of Corpay by 0.7% during the fourth quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company’s stock valued at $1,420,000 after buying an additional 30 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Corpay by 2.7% during the fourth quarter. IFP Advisors Inc now owns 1,151 shares of the company’s stock valued at $390,000 after buying an additional 30 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Corpay by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company’s stock valued at $2,018,000 after buying an additional 30 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in shares of Corpay by 3.5% during the fourth quarter. Lake Street Advisors Group LLC now owns 939 shares of the company’s stock valued at $318,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CPAY. Wells Fargo & Company lowered their price target on Corpay from $375.00 to $339.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Keefe, Bruyette & Woods raised their price target on Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Oppenheimer assumed coverage on shares of Corpay in a report on Monday, April 28th. They issued a “market perform” rating on the stock. Morgan Stanley upped their price objective on shares of Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, UBS Group cut their target price on shares of Corpay from $400.00 to $365.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $395.07.

Corpay Price Performance

CPAY stock opened at $327.13 on Monday. The firm has a 50 day moving average price of $326.84 and a 200-day moving average price of $349.94. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81. The firm has a market capitalization of $22.98 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.32 and a beta of 0.98. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00.

Corpay (NYSE:CPAY) last released its earnings results on Tuesday, May 6th. The company reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.50 by $0.01. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the business earned $4.10 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. Equities research analysts forecast that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

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.