Blair William & Co. IL Has $475,000 Holdings in Corpay, Inc. (NYSE:CPAY)

Blair William & Co. IL lessened its position in shares of Corpay, Inc. (NYSE:CPAY) by 4.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,363 shares of the company’s stock after selling 59 shares during the quarter. Blair William & Co. IL’s holdings in Corpay were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC boosted its stake in Corpay by 6.2% in the 1st quarter. Cerity Partners LLC now owns 33,385 shares of the company’s stock valued at $11,642,000 after buying an additional 1,942 shares in the last quarter. DAVENPORT & Co LLC acquired a new stake in Corpay in the 1st quarter valued at $213,000. GAMMA Investing LLC boosted its stake in Corpay by 9.9% in the 1st quarter. GAMMA Investing LLC now owns 1,605 shares of the company’s stock valued at $560,000 after buying an additional 145 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Corpay by 9.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,913 shares of the company’s stock valued at $1,016,000 after buying an additional 246 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in Corpay by 15.2% in the 1st quarter. Park Avenue Securities LLC now owns 1,898 shares of the company’s stock valued at $662,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CPAY shares. Raymond James Financial set a $392.00 price target on Corpay and gave the company an “outperform” rating in a research note on Thursday, August 7th. Barclays decreased their price target on Corpay from $440.00 to $400.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Morgan Stanley decreased their price target on Corpay from $360.00 to $356.00 and set an “equal weight” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft began coverage on Corpay in a research note on Thursday, July 17th. They issued a “buy” rating and a $390.00 price target on the stock. Finally, Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $396.33.

Corpay Trading Up 0.7%

CPAY stock opened at $303.77 on Tuesday. The company has a market cap of $21.45 billion, a P/E ratio of 20.64, a PEG ratio of 1.14 and a beta of 0.96. Corpay, Inc. has a twelve month low of $269.02 and a twelve month high of $400.81. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48. The business has a fifty day moving average of $328.85 and a 200-day moving average of $337.55.

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

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.