Corpay, Inc. $CPAY Stock Holdings Increased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Corpay, Inc. (NYSE:CPAY) by 54.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,590 shares of the company’s stock after purchasing an additional 3,739 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Corpay were worth $3,693,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CPAY. Meeder Advisory Services Inc. boosted its stake in Corpay by 5.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 678 shares of the company’s stock worth $236,000 after purchasing an additional 32 shares during the period. Townsquare Capital LLC lifted its stake in Corpay by 0.7% in the first quarter. Townsquare Capital LLC now owns 4,520 shares of the company’s stock valued at $1,576,000 after acquiring an additional 32 shares during the last quarter. Fulton Bank N.A. lifted its stake in Corpay by 2.1% in the first quarter. Fulton Bank N.A. now owns 1,665 shares of the company’s stock valued at $581,000 after acquiring an additional 34 shares during the last quarter. Wedmont Private Capital lifted its stake in Corpay by 3.2% in the first quarter. Wedmont Private Capital now owns 1,110 shares of the company’s stock valued at $387,000 after acquiring an additional 34 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Corpay by 0.3% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 12,666 shares of the company’s stock valued at $4,417,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CPAY. Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft started coverage on Corpay in a report on Thursday, July 17th. They set a “buy” rating and a $390.00 price objective for the company. Morgan Stanley reduced their target price on Corpay from $360.00 to $356.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. Raymond James Financial set a $392.00 price target on shares of Corpay and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, UBS Group cut their price objective 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. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $399.43.

Corpay Stock Performance

Shares of CPAY stock opened at $307.41 on Friday. 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 company has a market capitalization of $21.71 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.00. The company’s 50 day moving average price is $322.35 and its two-hundred day moving average price is $328.44. Corpay, Inc. has a 52 week low of $269.02 and a 52 week high of $400.81.

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