Anchor Investment Management LLC cut its holdings in Corpay, Inc. (NYSE:CPAY – Free Report) by 9.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 805 shares of the company’s stock after selling 85 shares during the quarter. Anchor Investment Management LLC’s holdings in Corpay were worth $214,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. bought a new position in Corpay during the 1st quarter worth about $2,431,089,000. JPMorgan Chase & Co. acquired a new position in shares of Corpay during the first quarter worth about $1,429,445,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Corpay during the first quarter worth about $1,355,377,000. Boston Partners acquired a new position in shares of Corpay during the first quarter worth about $553,667,000. Finally, Sustainable Growth Advisers LP acquired a new position in shares of Corpay during the first quarter worth about $553,279,000. 98.84% of the stock is owned by institutional investors.
Corpay Stock Performance
Shares of NYSE CPAY opened at $331.01 on Friday. The company’s 50 day moving average is $300.62. Corpay, Inc. has a 52 week low of $220.39 and a 52 week high of $331.10. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $23.26 billion, a PE ratio of 24.63, a PEG ratio of 1.24 and a beta of 1.22.
Wall Street Analyst Weigh In
CPAY has been the subject of several recent research reports. Wolfe Research raised Corpay from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, September 3rd. Bank of America reduced their price objective on Corpay from $331.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. William Blair raised Corpay to a “strong-buy” rating in a research report on Thursday, August 8th. Raymond James reduced their price objective on Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $310.00 price objective on shares of Corpay in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $337.92.
Get Our Latest Analysis on Corpay
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.
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