Apollon Wealth Management LLC Sells 210 Shares of Corpay, Inc. $CPAY

Apollon Wealth Management LLC decreased its stake in shares of Corpay, Inc. (NYSE:CPAY) by 15.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,168 shares of the company’s stock after selling 210 shares during the period. Apollon Wealth Management LLC’s holdings in Corpay were worth $388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CPAY. Ameritas Advisory Services LLC bought a new stake in shares of Corpay during the 2nd quarter valued at $37,000. Zions Bancorporation National Association UT bought a new stake in Corpay during the 1st quarter valued at about $41,000. Larson Financial Group LLC grew its holdings in shares of Corpay by 309.5% during the first quarter. Larson Financial Group LLC now owns 172 shares of the company’s stock valued at $60,000 after buying an additional 130 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Corpay by 19.4% during the second quarter. Blue Trust Inc. now owns 246 shares of the company’s stock valued at $82,000 after buying an additional 40 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Corpay by 20.5% during the first quarter. Advisors Asset Management Inc. now owns 264 shares of the company’s stock valued at $92,000 after buying an additional 45 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Morgan Stanley decreased their price target on Corpay from $360.00 to $356.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. Keefe, Bruyette & Woods dropped their price target on shares of Corpay from $445.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. UBS Group dropped their price target on shares of Corpay from $365.00 to $340.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Wall Street Zen downgraded shares of Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Raymond James Financial set a $392.00 price objective on shares of Corpay and gave the company an “outperform” rating in a research report on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $395.58.

Corpay Stock Up 3.0%

Shares of CPAY stock opened at $285.90 on Friday. Corpay, Inc. has a 12 month low of $269.02 and a 12 month high of $400.81. The stock has a market cap of $20.19 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.05 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.48. The company has a 50 day simple moving average of $305.28 and a two-hundred day simple moving average of $318.74.

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

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.