Vestmark Advisory Solutions Inc. acquired a new position in Corpay, Inc. (NYSE:CPAY – Free Report) during the second quarter, HoldingsChannel reports. The firm acquired 5,632 shares of the company’s stock, valued at approximately $1,869,000.
A number of other institutional investors have also modified their holdings of the company. CVA Family Office LLC increased its position in Corpay by 56.7% during the 2nd quarter. CVA Family Office LLC now owns 94 shares of the company’s stock worth $31,000 after purchasing an additional 34 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in Corpay during the second quarter worth approximately $33,000. Ameritas Advisory Services LLC purchased a new stake in Corpay during the second quarter worth approximately $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of Corpay in the first quarter worth $41,000. Finally, Larson Financial Group LLC raised its stake in shares of Corpay by 309.5% in the 1st quarter. Larson Financial Group LLC now owns 172 shares of the company’s stock valued at $60,000 after acquiring an additional 130 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Corpay Stock Down 0.7%
Shares of NYSE CPAY opened at $276.15 on Monday. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $400.81. The firm has a market cap of $19.50 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.02 and a beta of 0.95. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50-day simple moving average is $291.81 and its 200-day simple moving average is $315.54.
Analyst Ratings Changes
A number of analysts recently weighed in on CPAY shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Corpay in a research report on Thursday, July 17th. They set a “buy” rating and a $390.00 price target for the company. Jefferies Financial Group restated a “buy” rating on shares of Corpay in a research note on Monday, November 3rd. Royal Bank Of Canada increased their target price on Corpay from $336.00 to $344.00 and gave the company a “sector perform” rating in a research note on Thursday. Raymond James Financial set a $392.00 target price on Corpay and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Wall Street Zen cut Corpay from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $379.71.
Read Our Latest Research Report on CPAY
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.
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