Creative Planning boosted its position in Corpay, Inc. (NYSE:CPAY – Free Report) by 5.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,759 shares of the company’s stock after acquiring an additional 428 shares during the period. Creative Planning’s holdings in Corpay were worth $2,906,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in CPAY. Atria Wealth Solutions Inc. grew its position in shares of Corpay by 4.7% in the second quarter. Atria Wealth Solutions Inc. now owns 695 shares of the company’s stock valued at $231,000 after purchasing an additional 31 shares during the period. 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 buying an additional 32 shares during the last quarter. Townsquare Capital LLC grew its holdings in Corpay by 0.7% in the 1st quarter. Townsquare Capital LLC now owns 4,520 shares of the company’s stock valued at $1,576,000 after buying an additional 32 shares during the period. CVA Family Office LLC grew its holdings in Corpay by 56.7% in the 2nd quarter. CVA Family Office LLC now owns 94 shares of the company’s stock valued at $31,000 after buying an additional 34 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Corpay by 0.3% during the 1st 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. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Corpay Price Performance
Corpay stock opened at $288.82 on Monday. The firm has a fifty day moving average of $285.01 and a 200-day moving average of $312.47. Corpay, Inc. has a 52-week low of $252.84 and a 52-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. The firm has a market capitalization of $20.21 billion, a P/E ratio of 19.62, a PEG ratio of 1.02 and a beta of 0.95.
Analyst Ratings Changes
Several equities research analysts recently issued reports on CPAY shares. Royal Bank Of Canada raised their target price on shares of Corpay from $336.00 to $344.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Jefferies Financial Group reiterated a “buy” rating on shares of Corpay in a report on Monday, November 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Corpay from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Keefe, Bruyette & Woods cut their target price on Corpay from $445.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Corpay in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $379.71.
View Our Latest Analysis on CPAY
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.
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