Sora Investors LLC Takes Position in Corpay, Inc. (NYSE:CPAY)

Sora Investors LLC purchased a new position in Corpay, Inc. (NYSE:CPAY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,143 shares of the company’s stock, valued at approximately $2,417,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPAY. JPMorgan Chase & Co. grew its position in shares of Corpay by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock worth $1,653,659,000 after buying an additional 120,578 shares during the period. Czech National Bank boosted its stake in Corpay by 6.9% in the 4th quarter. Czech National Bank now owns 15,115 shares of the company’s stock worth $5,115,000 after purchasing an additional 971 shares in the last quarter. Wedmont Private Capital increased its stake in Corpay by 7.0% during the 4th quarter. Wedmont Private Capital now owns 1,076 shares of the company’s stock valued at $375,000 after purchasing an additional 70 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Corpay during the fourth quarter valued at approximately $302,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in Corpay in the 4th quarter valued at approximately $220,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CPAY. Raymond James reiterated an “outperform” rating and issued a $414.00 price target (down from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. Wells Fargo & Company reduced their price objective on shares of Corpay from $375.00 to $339.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Barclays reduced their price target on shares of Corpay from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. UBS Group reduced their target price on shares of Corpay from $400.00 to $365.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Finally, Oppenheimer began coverage on Corpay in a research note on Monday, April 28th. They set a “market perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $395.07.

Corpay Stock Down 1.6%

Shares of CPAY stock opened at $347.00 on Friday. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The company has a market capitalization of $24.38 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 1.32 and a beta of 0.98. The stock’s 50 day simple moving average is $327.74 and its 200 day simple moving average is $350.11.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $4.50 by $0.01. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $4.10 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts predict that Corpay, Inc. will post 19.76 EPS for the current year.

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.