Yousif Capital Management LLC Decreases Holdings in Corpay, Inc. $CPAY

Yousif Capital Management LLC lessened its stake in shares of Corpay, Inc. (NYSE:CPAY) by 1.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,804 shares of the company’s stock after selling 131 shares during the period. Yousif Capital Management LLC’s holdings in Corpay were worth $3,253,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CPAY. GAMMA Investing LLC increased its holdings in Corpay by 9.9% during the first quarter. GAMMA Investing LLC now owns 1,605 shares of the company’s stock worth $560,000 after buying an additional 145 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Corpay by 9.2% during the first quarter. Janney Montgomery Scott LLC now owns 2,913 shares of the company’s stock worth $1,016,000 after buying an additional 246 shares during the last quarter. Clarius Group LLC purchased a new position in shares of Corpay in the first quarter worth about $225,000. State of Alaska Department of Revenue increased its stake in shares of Corpay by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 30,422 shares of the company’s stock worth $10,608,000 after purchasing an additional 215 shares in the last quarter. Finally, Silver Oak Securities Incorporated purchased a new position in shares of Corpay in the first quarter worth about $336,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CPAY. Morgan Stanley reduced their target price on shares of Corpay from $360.00 to $356.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. Wall Street Zen downgraded shares of Corpay from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. UBS Group reduced their target price on shares of Corpay from $365.00 to $340.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Keefe, Bruyette & Woods reduced their target price on shares of Corpay from $445.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Corpay in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $395.58.

Corpay Price Performance

CPAY stock opened at $277.70 on Friday. The firm has a 50 day moving average of $305.59 and a 200-day moving average of $319.20. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.48. Corpay, Inc. has a 12 month low of $269.02 and a 12 month high of $400.81. The firm has a market capitalization of $19.61 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 1.09 and a beta of 0.97.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 EPS for the quarter, beating analysts’ consensus estimates of $5.11 by $0.02. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $4.55 earnings per share. Corpay’s revenue was up 12.9% compared to the same quarter last year. As a group, sell-side analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

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.