199 Shares in Corpay, Inc. (NYSE:CPAY) Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV bought a new position in shares of Corpay, Inc. (NYSE:CPAY) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 199 shares of the company’s stock, valued at approximately $61,000.

Several other institutional investors also recently bought and sold shares of the stock. Beese Fulmer Investment Management Inc. acquired a new position in shares of Corpay during the 1st quarter valued at about $1,398,000. Pensionfund Sabic acquired a new position in Corpay during the first quarter valued at approximately $1,327,000. GAMMA Investing LLC bought a new position in shares of Corpay in the first quarter valued at approximately $149,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Corpay in the first quarter worth $33,840,000. 98.84% of the stock is currently owned by institutional investors.

Corpay Trading Up 1.8 %

Shares of Corpay stock opened at $267.15 on Friday. Corpay, Inc. has a 1-year low of $220.39 and a 1-year high of $319.94. The business’s 50-day moving average price is $278.80. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $18.77 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.04 and a beta of 1.21.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.04. The firm had revenue of $935.25 million during the quarter, compared to the consensus estimate of $936.25 million. Corpay had a return on equity of 36.97% and a net margin of 26.29%. As a group, equities research analysts predict that Corpay, Inc. will post 17.83 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on Corpay in a research report on Wednesday, June 5th. They set an “equal weight” rating and a $285.00 price objective for the company. Barclays cut their price target on Corpay from $355.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, May 13th. BMO Capital Markets lowered their price objective on shares of Corpay from $360.00 to $350.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Wolfe Research cut shares of Corpay from a “peer perform” rating to an “underperform” rating and set a $295.00 target price for the company. in a research note on Friday, May 17th. Finally, Jefferies Financial Group raised their price target on shares of Corpay from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Corpay presently has an average rating of “Moderate Buy” and a consensus target price of $334.11.

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.