Cwm LLC Sells 838 Shares of Corpay, Inc. $CPAY

Cwm LLC decreased its position in shares of Corpay, Inc. (NYSE:CPAY) by 25.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,424 shares of the company’s stock after selling 838 shares during the quarter. Cwm LLC’s holdings in Corpay were worth $804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CPAY. Ameritas Advisory Services LLC purchased a new stake in shares of Corpay during the second quarter valued at approximately $37,000. Zions Bancorporation National Association UT purchased a new stake in shares of Corpay during the first quarter valued at approximately $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. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CPAY. Morgan Stanley cut 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. Wall Street Zen cut shares of Corpay from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Keefe, Bruyette & Woods dropped their target price 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Corpay in a report on Thursday, July 17th. They issued a “buy” rating and a $390.00 target price on the stock. Finally, Raymond James Financial set a $392.00 target price on shares of Corpay and gave the stock an “outperform” rating in a report on Thursday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.58.

Corpay Trading Down 1.5%

Shares of Corpay stock opened at $283.22 on Thursday. The company’s fifty day simple moving average is $303.82 and its 200-day simple moving average is $318.00. The stock has a market capitalization of $20.00 billion, a PE ratio of 19.24, a P/E/G ratio of 1.09 and a beta of 0.97. Corpay, Inc. has a 1-year low of $269.02 and a 1-year high of $400.81. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12.

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

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.