Aurora Investment Counsel Acquires New Stake in Corpay, Inc. (NYSE:CPAY)

Aurora Investment Counsel bought a new position in Corpay, Inc. (NYSE:CPAY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,933 shares of the company’s stock, valued at approximately $2,380,000. Corpay makes up approximately 1.4% of Aurora Investment Counsel’s portfolio, making the stock its 13th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of CPAY. Headlands Technologies LLC bought a new position in shares of Corpay during the 1st quarter valued at $31,000. Sunbelt Securities Inc. bought a new stake in shares of Corpay during the 1st quarter valued at $34,000. RFP Financial Group LLC purchased a new stake in shares of Corpay in the 1st quarter worth $35,000. LGT Financial Advisors LLC bought a new position in shares of Corpay in the second quarter worth about $33,000. Finally, Innealta Capital LLC purchased a new position in shares of Corpay during the 2nd quarter valued at about $36,000. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CPAY shares. William Blair raised shares of Corpay to a “strong-buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. upped their price objective on Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Evercore ISI lowered their price target on Corpay from $350.00 to $345.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Wolfe Research upgraded Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company initiated coverage on shares of Corpay in a report on Wednesday, June 5th. They issued an “equal weight” rating and a $285.00 target price on the stock. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $334.58.

Corpay Stock Up 0.5 %

CPAY stock opened at $312.76 on Tuesday. Corpay, Inc. has a twelve month low of $220.39 and a twelve month high of $319.94. The company has a market capitalization of $21.98 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 1.24 and a beta of 1.22. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.02 and a quick ratio of 1.02. The company’s fifty day moving average price is $298.05.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.04. The company had revenue of $975.70 million for the quarter, compared to analyst estimates of $973.84 million. Corpay had a net margin of 26.41% and a return on equity of 38.93%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.85 EPS. As a group, equities research analysts expect that Corpay, Inc. will post 17.83 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.