Ameritas Advisory Services LLC Takes Position in Corpay, Inc. $CPAY

Ameritas Advisory Services LLC acquired a new stake in shares of Corpay, Inc. (NYSE:CPAY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 112 shares of the company’s stock, valued at approximately $37,000.

A number of other large investors have also recently made changes to their positions in CPAY. Zions Bancorporation National Association UT purchased a new stake in shares of Corpay during the first quarter valued at $41,000. Rakuten Securities Inc. purchased a new stake in shares of Corpay during the first quarter valued at $45,000. 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. 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. Finally, Signaturefd LLC grew its holdings in shares of Corpay by 16.7% during the first quarter. Signaturefd LLC now owns 300 shares of the company’s stock valued at $105,000 after buying an additional 43 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay Trading Up 2.5%

Shares of Corpay stock opened at $289.53 on Wednesday. The firm has a 50-day simple moving average of $306.68 and a two-hundred day simple moving average of $319.91. The company has a market cap of $20.44 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.07 and a beta of 0.97. Corpay, Inc. has a fifty-two week low of $269.02 and a fifty-two week high of $400.81. 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 (NYSE:CPAY) last issued its quarterly earnings data 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. 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 the consensus estimate of $1.09 billion. During the same quarter in the prior 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, equities analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

CPAY has been the topic of several recent research reports. Wall Street Zen lowered shares of Corpay from a “buy” rating to a “hold” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Corpay in a report on Thursday, July 17th. They issued a “buy” rating and a $390.00 price target on the stock. 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. Morgan Stanley lowered their price target on shares of Corpay from $360.00 to $356.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. Finally, UBS Group lowered 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. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $397.85.

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.