Captrust Financial Advisors Acquires 528 Shares of Corpay, Inc. (NYSE:CPAY)

Captrust Financial Advisors increased its holdings in Corpay, Inc. (NYSE:CPAY) by 38.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,910 shares of the company’s stock after purchasing an additional 528 shares during the period. Captrust Financial Advisors’ holdings in Corpay were worth $646,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Avion Wealth lifted its position in Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company’s stock worth $33,000 after acquiring an additional 91 shares during the last quarter. Spire Wealth Management acquired a new position in Corpay during the 4th quarter worth $42,000. Assetmark Inc. lifted its position in Corpay by 93.8% during the 4th quarter. Assetmark Inc. now owns 124 shares of the company’s stock worth $42,000 after acquiring an additional 60 shares during the last quarter. Synergy Asset Management LLC acquired a new position in Corpay during the 4th quarter worth $43,000. Finally, EverSource Wealth Advisors LLC lifted its position in Corpay by 70.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company’s stock worth $45,000 after acquiring an additional 55 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CPAY. Morgan Stanley boosted their target price on shares of Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Royal Bank of Canada boosted their target price on shares of Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their target price on shares of Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Raymond James reissued an “outperform” rating and set a $414.00 target price (down previously from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. Finally, Barclays cut their price objective on shares of Corpay from $440.00 to $400.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $395.07.

Corpay Stock Performance

NYSE CPAY opened at $348.64 on Friday. The stock has a market cap of $24.49 billion, a P/E ratio of 24.94, a PEG ratio of 1.32 and a beta of 0.98. The company’s 50-day simple moving average is $328.21 and its 200 day simple moving average is $350.35. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66.

Corpay (NYSE:CPAY) last posted its earnings results on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, beating analysts’ consensus estimates of $4.50 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.10 earnings per share. As a group, research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

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.