Czech National Bank Purchases New Shares in Corpay, Inc. (NYSE:CPAY)

Czech National Bank acquired a new stake in Corpay, Inc. (NYSE:CPAY) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,704 shares of the company’s stock, valued at approximately $3,920,000.

Several other large investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV bought a new position in Corpay during the first quarter worth about $61,000. GAMMA Investing LLC bought a new position in Corpay during the first quarter worth about $149,000. Fulton Bank N.A. bought a new position in Corpay during the first quarter worth about $441,000. Pensionfund Sabic bought a new position in Corpay during the first quarter worth about $1,327,000. Finally, Beese Fulmer Investment Management Inc. bought a new position in Corpay during the first quarter worth about $1,398,000. Institutional investors own 98.84% of the company’s stock.

Corpay Trading Up 1.8 %

CPAY opened at $267.15 on Friday. The firm has a 50 day moving average of $278.80. Corpay, Inc. has a 1-year low of $220.39 and a 1-year high of $319.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.48. The firm has a market cap of $18.77 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.00 and a beta of 1.21.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.80 by $0.04. Corpay had a net margin of 26.29% and a return on equity of 36.97%. The company had revenue of $935.25 million for the quarter, compared to the consensus estimate of $936.25 million. On average, equities analysts forecast that Corpay, Inc. will post 17.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CPAY. Wolfe Research lowered shares of Corpay from a “peer perform” rating to an “underperform” rating and set a $295.00 price target on the stock. in a research report on Friday, May 17th. Bank of America raised their target price on shares of Corpay from $326.00 to $331.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada reissued a “sector perform” rating and issued a $310.00 target price on shares of Corpay in a report on Friday. Wells Fargo & Company assumed coverage on shares of Corpay in a report on Wednesday, June 5th. They issued an “equal weight” rating and a $285.00 target price on the stock. Finally, BMO Capital Markets decreased their target price on shares of Corpay from $360.00 to $350.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Corpay has a consensus rating of “Moderate Buy” and an average target price of $334.11.

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.