Graphene Investments SAS increased its holdings in Corpay, Inc. (NYSE:CPAY – Free Report) by 19.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,000 shares of the company’s stock after buying an additional 1,800 shares during the quarter. Corpay comprises 2.0% of Graphene Investments SAS’s portfolio, making the stock its 24th largest holding. Graphene Investments SAS’s holdings in Corpay were worth $3,169,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the stock. Atria Wealth Solutions Inc. raised its holdings in Corpay by 4.7% during the second quarter. Atria Wealth Solutions Inc. now owns 695 shares of the company’s stock worth $231,000 after purchasing an additional 31 shares in the last quarter. CVA Family Office LLC increased its position in shares of Corpay by 56.7% during the 2nd quarter. CVA Family Office LLC now owns 94 shares of the company’s stock valued at $31,000 after purchasing an additional 34 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Corpay by 0.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 12,666 shares of the company’s stock worth $4,417,000 after buying an additional 35 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Corpay by 4.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 846 shares of the company’s stock valued at $281,000 after buying an additional 39 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Corpay by 1.4% during the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the company’s stock valued at $919,000 after buying an additional 39 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.
Corpay Price Performance
Shares of NYSE:CPAY opened at $312.57 on Wednesday. The company’s fifty day moving average is $286.94 and its two-hundred day moving average is $308.35. The company has a market cap of $21.87 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.10 and a beta of 0.85. Corpay, Inc. has a 12-month low of $252.84 and a 12-month high of $400.81. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.41.
Analysts Set New Price Targets
Several equities research analysts have commented on CPAY shares. Royal Bank Of Canada boosted their price target 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. JPMorgan Chase & Co. reduced their target price on shares of Corpay from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Corpay in a report on Monday. Wall Street Zen downgraded Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Oppenheimer upgraded Corpay from a “market perform” rating to an “outperform” rating and set a $380.00 target price on the stock in a report on Friday, December 5th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $375.43.
Read Our Latest Analysis on Corpay
Corpay Company 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.
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