State of Wyoming Raises Stock Holdings in Corpay, Inc. (NYSE:CPAY)

State of Wyoming increased its position in Corpay, Inc. (NYSE:CPAY) by 17.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 743 shares of the company’s stock after acquiring an additional 111 shares during the period. State of Wyoming’s holdings in Corpay were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Colonial Trust Co SC raised its stake in shares of Corpay by 120.5% during the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company’s stock valued at $33,000 after buying an additional 53 shares during the last quarter. Avion Wealth raised its stake in shares of Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company’s stock valued at $33,000 after buying an additional 91 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Corpay during the 4th quarter valued at about $42,000. Assetmark Inc. raised its stake in shares of Corpay by 93.8% during the 4th quarter. Assetmark Inc. now owns 124 shares of the company’s stock valued at $42,000 after buying an additional 60 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Corpay by 70.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company’s stock valued at $45,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Price Performance

NYSE:CPAY opened at $324.50 on Friday. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81. The stock has a 50 day moving average of $327.64 and a two-hundred day moving average of $350.34. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The firm has a market cap of $22.87 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, topping the consensus estimate of $4.50 by $0.01. Corpay had a return on equity of 41.46% and a net margin of 25.25%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $4.10 EPS. Corpay’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Royal Bank of Canada lifted their price objective on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. UBS Group reduced their price objective on Corpay from $400.00 to $365.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Barclays cut their price target on Corpay from $440.00 to $400.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Keefe, Bruyette & Woods lifted their price target on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Raymond James restated an “outperform” rating and issued a $414.00 price target (down previously from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $395.07.

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.