Corpay, Inc. $CPAY Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in Corpay, Inc. (NYSE:CPAY) by 29.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,758 shares of the company’s stock after buying an additional 845 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Corpay were worth $1,247,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. lifted its holdings 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 in the last quarter. Townsquare Capital LLC lifted its holdings in Corpay by 0.7% in the 1st quarter. Townsquare Capital LLC now owns 4,520 shares of the company’s stock worth $1,576,000 after buying an additional 32 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in 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. Fifth Third Bancorp lifted its holdings in Corpay by 1.6% in the 1st quarter. Fifth Third Bancorp now owns 2,691 shares of the company’s stock worth $938,000 after buying an additional 43 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Corpay by 16.7% in the 1st quarter. Signaturefd LLC now owns 300 shares of the company’s stock worth $105,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on CPAY shares. Keefe, Bruyette & Woods cut their price objective on shares of Corpay from $445.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Wall Street Zen downgraded Corpay from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley decreased their price target on Corpay from $360.00 to $356.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. UBS Group decreased their price target on Corpay from $365.00 to $340.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Corpay in a research note on Thursday, July 17th. They issued a “buy” rating and a $390.00 price target for the company. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $396.21.

Corpay Price Performance

CPAY opened at $280.37 on Monday. The firm has a market cap of $19.80 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.06 and a beta of 0.97. Corpay, Inc. has a fifty-two week low of $269.02 and a fifty-two week high of $400.81. The company’s 50-day moving average price is $308.11 and its 200 day moving average price is $320.57. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 earnings per share for the quarter, topping the consensus estimate of $5.11 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Corpay had a net margin of 25.17% and a return on equity of 39.13%. Corpay’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.55 earnings per share. As a group, sell-side analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current year.

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.