Corpay, Inc. $CPAY Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 70.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 739 shares of the company’s stock after selling 1,723 shares during the period. Nisa Investment Advisors LLC’s holdings in Corpay were worth $245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CPAY. Vanguard Group Inc. lifted its stake in shares of Corpay by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 7,872,786 shares of the company’s stock valued at $2,745,398,000 after purchasing an additional 119,987 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Corpay by 11.1% in the 1st quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock valued at $1,648,970,000 after purchasing an additional 472,147 shares during the period. Boston Partners lifted its stake in shares of Corpay by 5.8% in the 1st quarter. Boston Partners now owns 2,163,940 shares of the company’s stock valued at $751,371,000 after purchasing an additional 118,542 shares during the period. Invesco Ltd. raised its position in Corpay by 12.3% during the first quarter. Invesco Ltd. now owns 1,894,732 shares of the company’s stock worth $660,731,000 after acquiring an additional 208,067 shares during the period. Finally, Wellington Management Group LLP raised its position in Corpay by 30.7% during the first quarter. Wellington Management Group LLP now owns 1,275,059 shares of the company’s stock worth $444,639,000 after acquiring an additional 299,452 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Up 1.1%

Shares of NYSE:CPAY opened at $263.30 on Tuesday. The firm’s 50 day moving average price is $296.29 and its 200 day moving average price is $316.61. The stock has a market cap of $18.59 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. Corpay, Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $400.81. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CPAY shares. Williams Trading set a $300.00 target price on shares of Corpay in a report on Monday. Morgan Stanley dropped their price objective on shares of Corpay from $360.00 to $356.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Corpay in a research report on Thursday, July 17th. They issued a “buy” rating and a $390.00 target price on the stock. Wall Street Zen cut shares of Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Corpay from $445.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $388.23.

Corpay 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.