2 weeks Ago By Defense World Staff
DoubleLine ETF Adviser LP decreased its stake in Corpay, Inc. ( NYSE:CPAY – Free Report ) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 1,191 shares of the company’s stock after selling 44 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Corpay were worth $317,000 at the end of the most recent quarter. Several other hedge funds have also recently bought and sold shares of the stock.
Alpha DNA Investment Management LLC grew its stake in Corpay by 27.4% during the second quarter. Alpha DNA Investment Management LLC now owns 1,598 shares of the company’s stock worth $426,000 after buying an additional 344 shares during the last quarter.
Toronto Dominion Bank bought a new position in Corpay in the 2nd quarter valued at $9,175,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Corpay by 51.7% in the second quarter.
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,079 shares of the company’s stock worth $3,484,000 after purchasing an additional 4,458 shares in the last quarter. Distillate Capital Partners LLC bought a new stake in shares of Corpay during the second quarter worth $14,643,000. Finally, Stanley Capital Management LLC bought a new stake in shares of Corpay during the second quarter worth $18,593,000.
98.84% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several research analysts recently issued reports on the stock.
Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, September 3rd. Raymond James decreased their price target on shares of Corpay from $330.00 to $311.
00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company began coverage on shares of Corpay in a report on Wednesday, June 5th. They issued an “equal weight” rating and a $285.
00 price target for the company. JPMorgan Chase & Co. upped their price objective on Corpay from $327.
00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Jefferies Financial Group lifted their target price on Corpay from $350.
00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock.
According to data from MarketBeat.com, Corpay presently has a consensus rating of “Moderate Buy” and an average target price of $334.58.
Corpay Stock Up 0.6 % Shares of Corpay stock opened at $306.57 on Friday.
The business’s fifty day moving average is $297.20. The firm has a market capitalization of $21.
29 billion, a PE ratio of 22.81, a PEG ratio of 1.24 and a beta of 1.
22. The company has a current ratio of 1.02, a quick ratio of 1.
02 and a debt-to-equity ratio of 1.74. Corpay, Inc.
has a 12 month low of $220.39 and a 12 month high of $319.94.
Corpay ( NYSE:CPAY – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $4.55 EPS for the quarter, beating 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 company had revenue of $975.
70 million during the quarter, compared to analysts’ expectations of $973.84 million. During the same period in the prior year, the business posted $3.
85 EPS. Corpay’s revenue was up 2.9% on a year-over-year basis.
Analysts expect that Corpay, Inc. will post 17.83 EPS for the current fiscal year.
Corpay Company Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Corpay How Can Investors Benefit From After-Hours Trading Rocket Lab Stock Soars: Should Investors Chase the Rally? How to Know Which Cryptocurrency to Buy: A Guide for Investors KB Home Slips After Earnings: What’s Next for Homebuilders? Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Receive News & Ratings for Corpay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corpay and related companies with MarketBeat.
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