4,431 Shares in Corpay, Inc. $CPAY Bought by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new position in shares of Corpay, Inc. (NYSE:CPAY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,431 shares of the company’s stock, valued at approximately $1,470,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Corpay by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 7,872,786 shares of the company’s stock worth $2,745,398,000 after purchasing an additional 119,987 shares during the period. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 472,147 shares during the period. Boston Partners lifted its stake in shares of Corpay by 5.8% in the 1st quarter. Boston Partners now owns 2,163,940 shares of the company’s stock worth $751,371,000 after acquiring an additional 118,542 shares during the period. Invesco Ltd. lifted its stake in shares of Corpay by 12.3% in the 1st quarter. Invesco Ltd. now owns 1,894,732 shares of the company’s stock worth $660,731,000 after acquiring an additional 208,067 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Corpay by 30.7% in 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 period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Up 1.1%

Shares of NYSE CPAY opened at $263.30 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48. Corpay, Inc. has a 52 week low of $252.84 and a 52 week high of $400.81. The firm has a 50-day moving average price of $296.29 and a 200 day moving average price of $316.61. The stock has a market capitalization of $18.59 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.11 by $0.02. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business earned $4.55 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on CPAY shares. Weiss Ratings restated a “buy (b-)” rating on shares of Corpay in a research note on Wednesday, October 8th. Raymond James Financial set a $392.00 target price on shares of Corpay and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Wall Street Zen cut shares of Corpay from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Keefe, Bruyette & Woods reduced their target price on shares of Corpay from $445.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Finally, UBS Group reduced their target price on shares of Corpay from $365.00 to $340.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $388.23.

About Corpay

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.