Toronto Dominion Bank Increases Stake in Corpay, Inc. (NYSE:CPAY)

Toronto Dominion Bank grew its position in Corpay, Inc. (NYSE:CPAY) by 60.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,808 shares of the company’s stock after acquiring an additional 13,854 shares during the period. Toronto Dominion Bank owned about 0.05% of Corpay worth $12,457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC lifted its position in Corpay by 16.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock valued at $69,000 after purchasing an additional 29 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Corpay by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company’s stock worth $2,018,000 after buying an additional 30 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Corpay by 2.7% in the 4th 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 period. Lake Street Advisors Group LLC boosted its stake in shares of Corpay by 3.5% in 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 in the last quarter. Finally, Y.D. More Investments Ltd boosted its stake in shares of Corpay by 7.7% in the fourth quarter. Y.D. More Investments Ltd now owns 461 shares of the company’s stock valued at $156,000 after buying an additional 33 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Price Performance

Shares of NYSE:CPAY opened at $340.85 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The business’s fifty day moving average price is $328.74 and its two-hundred day moving average price is $350.56. The stock has a market cap of $24.03 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. Corpay, Inc. has a one year low of $247.10 and a one year high of $400.81.

Corpay (NYSE:CPAY) last posted 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 return on equity of 41.46% and a net margin of 25.25%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $4.10 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts forecast that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CPAY shares. Oppenheimer began coverage on Corpay in a report on Monday, April 28th. They issued a “market perform” rating for the company. Raymond James reiterated an “outperform” rating and issued a $414.00 price target (down previously from $417.00) on shares of Corpay in a report on Wednesday, May 7th. Royal Bank of Canada boosted their price objective on shares of Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods increased their target price on shares of Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, UBS Group reduced their price target on shares of Corpay from $400.00 to $365.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $395.07.

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.