V Square Quantitative Management LLC Purchases 76 Shares of Corpay, Inc. $CPAY

V Square Quantitative Management LLC boosted its stake in shares of Corpay, Inc. (NYSE:CPAY) by 12.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 689 shares of the company’s stock after acquiring an additional 76 shares during the quarter. V Square Quantitative Management LLC’s holdings in Corpay were worth $229,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CPAY. Select Equity Group L.P. grew its holdings in Corpay by 1,302.3% during the 1st quarter. Select Equity Group L.P. now owns 1,218,898 shares of the company’s stock worth $425,054,000 after acquiring an additional 1,131,975 shares during the last quarter. Bessemer Group Inc. grew its holdings in Corpay by 4,811.9% during the 1st quarter. Bessemer Group Inc. now owns 557,252 shares of the company’s stock worth $194,326,000 after acquiring an additional 545,907 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Corpay by 11.1% during the 1st quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock worth $1,648,970,000 after acquiring an additional 472,147 shares during the last quarter. Nuveen LLC bought a new stake in Corpay during the 1st quarter worth about $104,428,000. Finally, Wellington Management Group LLP grew its holdings in Corpay by 30.7% during the 1st quarter. Wellington Management Group LLP now owns 1,275,059 shares of the company’s stock worth $444,639,000 after acquiring an additional 299,452 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Corpay Stock Performance

Shares of CPAY stock opened at $287.21 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $20.28 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.08 and a beta of 0.97. The company’s 50 day moving average price is $312.93 and its two-hundred day moving average price is $323.75. Corpay, Inc. has a 52 week low of $269.02 and a 52 week high of $400.81.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, August 6th. The company reported $5.13 EPS for the quarter, topping the consensus estimate of $5.11 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the company posted $4.55 EPS. On average, analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CPAY. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Robert W. Baird set a $440.00 price objective on shares of Corpay in a research note on Tuesday, June 10th. Morgan Stanley reduced their price objective on shares of Corpay from $360.00 to $356.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. Raymond James Financial set a $392.00 price objective on shares of Corpay and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Corpay from $445.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Corpay has a consensus rating of “Moderate Buy” and a consensus target price of $396.21.

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.