Mawer Investment Management Ltd. Trims Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Mawer Investment Management Ltd. trimmed its holdings in Corpay, Inc. (NYSE:CPAY) by 11.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,033,243 shares of the company’s stock after selling 133,688 shares during the period. Corpay makes up 1.7% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 18th biggest holding. Mawer Investment Management Ltd. owned approximately 1.47% of Corpay worth $360,312,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CPAY. Meeder Advisory Services Inc. grew its position in shares of Corpay by 5.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 678 shares of the company’s stock valued at $236,000 after purchasing an additional 32 shares in the last quarter. Fulton Bank N.A. grew its position in shares of Corpay by 2.1% during the 1st quarter. Fulton Bank N.A. now owns 1,665 shares of the company’s stock valued at $581,000 after purchasing an additional 34 shares in the last quarter. Wedmont Private Capital grew its position in shares of Corpay by 3.2% during the 1st quarter. Wedmont Private Capital now owns 1,110 shares of the company’s stock valued at $387,000 after purchasing an additional 34 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of Corpay by 29.6% during the 4th quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $62,000 after acquiring an additional 42 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Corpay by 1.6% during the 1st quarter. Fifth Third Bancorp now owns 2,691 shares of the company’s stock worth $938,000 after acquiring an additional 43 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CPAY shares. Robert W. Baird set a $440.00 price objective on shares of Corpay in a report on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Corpay in a report on Thursday, July 17th. They set a “buy” rating and a $390.00 price objective for the company. UBS Group dropped their price objective on shares of Corpay from $400.00 to $365.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Finally, Oppenheimer started coverage on shares of Corpay in a report on Monday, April 28th. They set a “market perform” rating for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $401.07.

Corpay Stock Performance

NYSE CPAY opened at $333.69 on Tuesday. The firm has a market cap of $23.52 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.28 and a beta of 0.95. The company has a 50-day simple moving average of $331.12 and a two-hundred day simple moving average of $341.20. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.69. Corpay, Inc. has a 12-month low of $265.06 and a 12-month high of $400.81.

Corpay (NYSE:CPAY) last issued 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. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Corpay had a net margin of 25.15% and a return on equity of 41.61%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.10 earnings per share. On average, equities analysts forecast that Corpay, Inc. will post 19.76 EPS for the current 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.