Signaturefd LLC Has $55,000 Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Signaturefd LLC lowered its position in Corpay, Inc. (NYSE:CPAY) by 28.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 206 shares of the company’s stock after selling 80 shares during the quarter. Signaturefd LLC’s holdings in Corpay were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CPAY. Global Retirement Partners LLC acquired a new position in Corpay in the 1st quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Corpay during the 1st quarter worth $31,000. Sunbelt Securities Inc. acquired a new position in Corpay during the 1st quarter worth about $34,000. RFP Financial Group LLC bought a new stake in shares of Corpay in the 1st quarter valued at about $35,000. Finally, Innealta Capital LLC acquired a new stake in shares of Corpay in the second quarter valued at about $36,000. Institutional investors own 98.84% of the company’s stock.

Corpay Stock Down 0.8 %

Shares of NYSE:CPAY opened at $311.99 on Thursday. Corpay, Inc. has a twelve month low of $220.39 and a twelve month high of $319.94. The stock’s 50 day moving average price is $287.47. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $21.92 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.26 and a beta of 1.22.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, August 7th. The company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.04. The firm had revenue of $975.70 million for the quarter, compared to analyst estimates of $973.84 million. Corpay had a net margin of 26.41% and a return on equity of 38.93%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $3.85 earnings per share. Equities research analysts anticipate that Corpay, Inc. will post 17.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CPAY has been the topic of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $310.00 target price on shares of Corpay in a report on Thursday, August 8th. Raymond James decreased their price objective on shares of Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday. Evercore ISI decreased their price target on Corpay from $350.00 to $345.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, Jefferies Financial Group boosted their price objective on Corpay from $295.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Corpay has a consensus rating of “Moderate Buy” and a consensus price target of $332.50.

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.