Corpay, Inc. $CPAY Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel lowered its position in Corpay, Inc. (NYSE:CPAYFree Report) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,901 shares of the company’s stock after selling 237 shares during the quarter. Aurora Investment Counsel’s holdings in Corpay were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. acquired a new position in Corpay in the second quarter valued at $33,000. Ameritas Advisory Services LLC acquired a new position in Corpay in the second quarter valued at $37,000. Zions Bancorporation National Association UT acquired a new position in Corpay in the first quarter valued at $41,000. Larson Financial Group LLC boosted its holdings in Corpay by 309.5% in the first 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 last quarter. Finally, Blue Trust Inc. boosted its holdings in Corpay by 19.4% in the second quarter. Blue Trust Inc. now owns 246 shares of the company’s stock valued at $82,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Trading Up 0.3%

NYSE:CPAY opened at $286.24 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.12 and a current ratio of 1.12. Corpay, Inc. has a one year low of $269.02 and a one year high of $400.81. The business’s 50-day simple moving average is $304.93 and its 200 day simple moving average is $318.46. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.08 and a beta of 0.97.

Corpay (NYSE:CPAYGet Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $5.13 EPS for the quarter, topping the consensus estimate of $5.11 by $0.02. Corpay had a return on equity of 39.13% and a net margin of 25.17%.The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm posted $4.55 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. As a group, sell-side analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CPAY has been the topic of a number of research analyst reports. Wall Street Zen cut Corpay from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Keefe, Bruyette & Woods reduced their price objective on Corpay from $445.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Raymond James Financial set a $392.00 price objective on Corpay and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft began coverage on Corpay in a research note on Thursday, July 17th. They set a “buy” rating and a $390.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Corpay in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Corpay presently has an average rating of “Moderate Buy” and a consensus price target of $395.58.

Get Our Latest Stock Report on CPAY

About Corpay

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Corpay (NYSE:CPAY)

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