HB Wealth Management LLC Buys 58 Shares of Corpay, Inc. $CPAY

HB Wealth Management LLC grew its stake in shares of Corpay, Inc. (NYSE:CPAY) by 3.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,601 shares of the company’s stock after acquiring an additional 58 shares during the quarter. HB Wealth Management LLC’s holdings in Corpay were worth $531,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC lifted its position in shares of Corpay by 6.2% during the 1st quarter. Cerity Partners LLC now owns 33,385 shares of the company’s stock valued at $11,642,000 after acquiring an additional 1,942 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Corpay by 54.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,590 shares of the company’s stock valued at $3,693,000 after acquiring an additional 3,739 shares during the period. Peak Financial Advisors LLC bought a new stake in shares of Corpay during the 2nd quarter valued at $2,518,000. Capital Impact Advisors LLC bought a new stake in shares of Corpay during the 1st quarter valued at $8,177,000. Finally, Czech National Bank lifted its position in shares of Corpay by 7.6% during the 2nd quarter. Czech National Bank now owns 17,230 shares of the company’s stock valued at $5,717,000 after acquiring an additional 1,219 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Corpay Price Performance

Shares of CPAY opened at $288.61 on Friday. Corpay, Inc. has a 12-month low of $269.02 and a 12-month high of $400.81. The business has a 50-day simple moving average of $311.99 and a two-hundred day simple moving average of $323.14. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48. The stock has a market cap of $20.38 billion, a PE ratio of 19.61, a PEG ratio of 1.09 and a beta of 0.97.

Corpay (NYSE:CPAY) last issued its earnings results on Wednesday, August 6th. The company reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm earned $4.55 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. Analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CPAY shares. Robert W. Baird set a $440.00 target price on Corpay in a research report on Tuesday, June 10th. Raymond James Financial set a $392.00 price target on Corpay and gave the stock an “outperform” rating in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft started coverage on Corpay in a report on Thursday, July 17th. They set a “buy” rating and a $390.00 price target for the company. Keefe, Bruyette & Woods lowered their price target on Corpay from $445.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Morgan Stanley lowered their price target on Corpay from $360.00 to $356.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $396.21.

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.