First Hawaiian Bank Purchases 1,095 Shares of Corpay, Inc. (NYSE:CPAY)

First Hawaiian Bank lifted its position in shares of Corpay, Inc. (NYSE:CPAY) by 16.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,696 shares of the company’s stock after acquiring an additional 1,095 shares during the quarter. First Hawaiian Bank’s holdings in Corpay were worth $2,684,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPAY. Allspring Global Investments Holdings LLC increased its holdings in Corpay by 17.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 23,732 shares of the company’s stock valued at $8,067,000 after purchasing an additional 3,504 shares during the last quarter. Journey Strategic Wealth LLC bought a new stake in Corpay in the fourth quarter valued at about $499,000. Proficio Capital Partners LLC bought a new stake in Corpay in the fourth quarter valued at about $28,632,000. Aviso Financial Inc. bought a new stake in Corpay in the fourth quarter valued at about $151,000. Finally, Sanctuary Advisors LLC increased its holdings in Corpay by 20.5% in the fourth quarter. Sanctuary Advisors LLC now owns 1,796 shares of the company’s stock valued at $608,000 after purchasing an additional 305 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CPAY has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Corpay from $440.00 to $400.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods boosted their target price on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Royal Bank of Canada boosted their target price on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Wells Fargo & Company decreased their target price on Corpay from $375.00 to $339.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Finally, Oppenheimer initiated coverage on Corpay in a research note on Monday, April 28th. They issued a “market perform” rating for the company. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $395.07.

Corpay Stock Up 0.2%

CPAY stock opened at $329.41 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The stock has a market capitalization of $23.22 billion, a P/E ratio of 23.56, a P/E/G ratio of 1.32 and a beta of 0.98. The business has a 50-day moving average of $325.76 and a 200-day moving average of $349.52. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Corpay had a return on equity of 41.46% and a net margin of 25.25%. Corpay’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.10 earnings per share. On average, sell-side analysts anticipate 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.