J. Goldman & Co LP Buys 697 Shares of Corpay, Inc. (NYSE:CPAY)

J. Goldman & Co LP boosted its stake in Corpay, Inc. (NYSE:CPAY) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,947 shares of the company’s stock after purchasing an additional 697 shares during the period. J. Goldman & Co LP’s holdings in Corpay were worth $3,028,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Exchange Traded Concepts LLC grew its position in Corpay by 16.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock worth $69,000 after purchasing an additional 29 shares during the period. Tealwood Asset Management Inc. increased its stake in shares of Corpay by 0.7% in the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company’s stock worth $1,420,000 after purchasing an additional 30 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Corpay by 2.7% in the 4th quarter. IFP Advisors Inc now owns 1,151 shares of the company’s stock worth $390,000 after purchasing an additional 30 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Corpay by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company’s stock worth $2,018,000 after purchasing an additional 30 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its stake in shares of Corpay by 3.5% in the 4th quarter. Lake Street Advisors Group LLC now owns 939 shares of the company’s stock worth $318,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CPAY shares. Citigroup started coverage on Corpay in a research note on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price objective for the company. Keefe, Bruyette & Woods upped their price objective on Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Barclays reduced their price objective on Corpay from $440.00 to $400.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Raymond James restated an “outperform” rating and issued a $414.00 price objective (down from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. Finally, Oppenheimer assumed coverage on shares of Corpay in a report on Monday, April 28th. They issued a “market perform” rating for the company. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $395.07.

Corpay Stock Up 0.0%

CPAY opened at $327.13 on Monday. The firm has a 50-day simple moving average of $326.84 and a two-hundred day simple moving average of $349.94. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $400.81. The company has a market capitalization of $22.98 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, beating the consensus estimate of $4.50 by $0.01. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $4.10 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

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.