Capital Insight Partners LLC Acquires Shares of 2,200 Corpay, Inc. (NYSE:CPAY)

Capital Insight Partners LLC bought a new position in shares of Corpay, Inc. (NYSE:CPAY) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,200 shares of the company’s stock, valued at approximately $679,000.

Other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in Corpay in the first quarter worth about $34,000. Massmutual Trust Co. FSB ADV bought a new position in shares of Corpay in the 1st quarter valued at about $61,000. GAMMA Investing LLC acquired a new stake in shares of Corpay during the 1st quarter worth approximately $149,000. Wedmont Private Capital bought a new stake in shares of Corpay during the first quarter worth approximately $242,000. Finally, Epiq Partners LLC acquired a new position in Corpay in the first quarter valued at approximately $371,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Price Performance

Shares of Corpay stock opened at $266.41 on Friday. 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 company has a market capitalization of $18.72 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 1.03 and a beta of 1.21. Corpay, Inc. has a one year low of $220.39 and a one year high of $319.94. The firm has a 50-day moving average price of $276.65.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CPAY shares. Robert W. Baird raised their target price on Corpay from $355.00 to $376.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Jefferies Financial Group boosted their price objective on shares of Corpay from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, April 12th. Bank of America increased their target price on shares of Corpay from $326.00 to $331.00 and gave the stock a “buy” rating in a report on Friday, June 21st. BMO Capital Markets decreased their price target on shares of Corpay from $360.00 to $350.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Finally, Citigroup raised their price objective on Corpay from $325.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $335.20.

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.