Corpay, Inc. (NYSE:CPAY) Stock Holdings Decreased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lessened its position in Corpay, Inc. (NYSE:CPAY) by 33.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110 shares of the company’s stock after selling 55 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Corpay were worth $29,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPAY. Headlands Technologies LLC acquired a new position in shares of Corpay in the 1st quarter valued at about $31,000. Sunbelt Securities Inc. acquired a new position in Corpay in the 1st quarter valued at approximately $34,000. RFP Financial Group LLC purchased a new stake in Corpay in the 1st quarter worth approximately $35,000. LGT Financial Advisors LLC purchased a new stake in Corpay in the 2nd quarter worth approximately $33,000. Finally, Innealta Capital LLC acquired a new stake in shares of Corpay during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Corpay from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. upped their target price on Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Evercore ISI reduced 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. William Blair upgraded Corpay to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $310.00 target price on shares of Corpay in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $334.58.

Corpay Trading Up 0.6 %

NYSE:CPAY opened at $316.66 on Thursday. The firm has a market cap of $22.25 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.24 and a beta of 1.22. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74. Corpay, Inc. has a 1 year low of $220.39 and a 1 year high of $319.94. The firm has a fifty day moving average price of $299.18.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.04. Corpay had a return on equity of 38.93% and a net margin of 26.41%. The business had revenue of $975.70 million for the quarter, compared to analyst estimates of $973.84 million. During the same period in the previous year, the company posted $3.85 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, analysts anticipate that Corpay, Inc. will post 17.83 EPS for the current fiscal year.

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.