Investment House LLC increased its stake in Corpay, Inc. (NYSE:CPAY – Free Report) by 13.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,325 shares of the company’s stock after acquiring an additional 1,625 shares during the quarter. Investment House LLC’s holdings in Corpay were worth $4,010,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOKF NA increased its holdings in Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the company’s stock worth $28,000 after acquiring an additional 94 shares in the last quarter. Torren Management LLC purchased a new stake in Corpay in the 4th quarter worth $29,000. Root Financial Partners LLC purchased a new stake in Corpay in the 3rd quarter worth $40,000. Board of the Pension Protection Fund purchased a new stake in Corpay in the 4th quarter worth $48,000. Finally, Advisory Services Network LLC purchased a new stake in Corpay in the 3rd quarter worth $48,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Corpay Trading Down 1.7%
Shares of CPAY opened at $342.60 on Wednesday. Corpay, Inc. has a 52-week low of $252.84 and a 52-week high of $361.99. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. The firm’s fifty day moving average is $312.44 and its two-hundred day moving average is $311.14. The stock has a market cap of $22.39 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 0.98 and a beta of 0.81.
Analysts Set New Price Targets
Several equities research analysts recently commented on CPAY shares. Cantor Fitzgerald boosted their price target on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. UBS Group boosted their price target on shares of Corpay from $315.00 to $380.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Oppenheimer reissued an “outperform” rating and issued a $388.00 price target on shares of Corpay in a report on Friday, May 8th. Royal Bank Of Canada boosted their price target on shares of Corpay from $344.00 to $363.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $361.00 price target on shares of Corpay in a report on Thursday, March 5th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $377.92.
View Our Latest Report on Corpay
About Corpay
Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.
Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.
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