420 Shares in Corpay, Inc. (NYSE:CPAY) Acquired by Financial Management Professionals Inc.

Financial Management Professionals Inc. bought a new position in shares of Corpay, Inc. (NYSE:CPAY) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 420 shares of the company’s stock, valued at approximately $130,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPAY. Sunbelt Securities Inc. bought a new stake in Corpay during the 1st quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV bought a new position in shares of Corpay in the 1st quarter worth $61,000. GAMMA Investing LLC bought a new position in shares of Corpay in the 1st quarter worth $149,000. Wedmont Private Capital bought a new position in shares of Corpay in the 1st quarter worth $242,000. Finally, Epiq Partners LLC bought a new position in shares of Corpay in the 1st quarter worth $371,000. Institutional investors own 98.84% of the company’s stock.

Corpay Stock Down 1.1 %

Shares of Corpay stock opened at $266.41 on Friday. The company has a market cap of $18.72 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.03 and a beta of 1.21. Corpay, Inc. has a 12-month low of $220.39 and a 12-month high of $319.94. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average price of $276.09.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.04. The business had revenue of $935.25 million for the quarter, compared to analyst estimates of $936.25 million. Corpay had a net margin of 26.29% and a return on equity of 36.97%. As a group, sell-side analysts expect that Corpay, Inc. will post 17.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America increased their price target on shares of Corpay from $326.00 to $331.00 and gave the stock a “buy” rating in a report on Friday, June 21st. 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 report on Tuesday, June 25th. Robert W. Baird increased their target price on shares of Corpay from $355.00 to $376.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Barclays reduced their target price on shares of Corpay from $355.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Finally, Wells Fargo & Company started coverage on shares of Corpay in a report on Wednesday, June 5th. They set an “equal weight” rating and a $285.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $335.20.

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.