Mediolanum International Funds Ltd Grows Holdings in Corpay, Inc. (NYSE:CPAY)

Mediolanum International Funds Ltd increased its position in shares of Corpay, Inc. (NYSE:CPAY) by 23.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,082 shares of the company’s stock after buying an additional 18,325 shares during the period. Mediolanum International Funds Ltd owned about 0.14% of Corpay worth $29,855,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Albion Financial Group UT bought a new stake in shares of Corpay in the 3rd quarter worth about $27,000. Headlands Technologies LLC bought a new stake in shares of Corpay in the 1st quarter worth about $31,000. LGT Financial Advisors LLC bought a new stake in shares of Corpay in the 2nd quarter worth about $33,000. Sunbelt Securities Inc. bought a new stake in shares of Corpay in the 1st quarter worth about $34,000. Finally, RFP Financial Group LLC bought a new stake in shares of Corpay during the 1st quarter valued at about $35,000. Institutional investors own 98.84% of the company’s stock.

Corpay Price Performance

Shares of CPAY traded up $1.54 during mid-day trading on Friday, hitting $345.43. 46,254 shares of the company traded hands, compared to its average volume of 461,786. Corpay, Inc. has a one year low of $220.39 and a one year high of $355.47. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74. The business has a 50-day moving average of $317.46 and a 200 day moving average of $293.57. The stock has a market capitalization of $24.27 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.33 and a beta of 1.22.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.04. Corpay had a net margin of 26.41% and a return on equity of 38.93%. The firm had revenue of $975.70 million for the quarter, compared to analysts’ expectations of $973.84 million. During the same period last year, the firm earned $3.85 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities analysts expect that Corpay, Inc. will post 17.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wolfe Research raised shares of Corpay from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, September 3rd. William Blair raised shares of Corpay to a “strong-buy” rating in a research report on Thursday, August 8th. Raymond James lowered their price objective on shares of Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Jefferies Financial Group boosted their target price on shares of Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets upped their price target on Corpay from $350.00 to $390.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $353.33.

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.