Vontobel Holding Ltd. Purchases 49 Shares of Corpay, Inc. (NYSE:CPAY)

Vontobel Holding Ltd. increased its position in shares of Corpay, Inc. (NYSE:CPAY) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 812 shares of the company’s stock after purchasing an additional 49 shares during the quarter. Vontobel Holding Ltd.’s holdings in Corpay were worth $254,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Albion Financial Group UT purchased a new stake in shares of Corpay during the third quarter valued at approximately $27,000. Headlands Technologies LLC bought a new stake in shares of Corpay during the 1st quarter worth $31,000. LGT Financial Advisors LLC purchased a new position in shares of Corpay in the 2nd quarter worth about $33,000. Sunbelt Securities Inc. purchased a new position in shares of Corpay in the 1st quarter worth about $34,000. Finally, RFP Financial Group LLC bought a new position in Corpay during the first quarter valued at about $35,000. 98.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on CPAY shares. Jefferies Financial Group lifted their price objective on shares of Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. BMO Capital Markets upped their price objective on Corpay from $350.00 to $390.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $310.00 price objective on shares of Corpay in a report on Thursday, August 8th. Wolfe Research raised Corpay from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, September 3rd. Finally, Raymond James decreased their price objective on Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Corpay has an average rating of “Moderate Buy” and an average price target of $353.33.

Corpay Trading Up 1.6 %

Shares of CPAY opened at $354.38 on Thursday. Corpay, Inc. has a twelve month low of $220.39 and a twelve month high of $355.47. The stock has a market cap of $24.90 billion, a PE ratio of 26.37, a P/E/G ratio of 1.33 and a beta of 1.22. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74. The business’s 50-day moving average price is $316.44 and its 200-day moving average price is $293.22.

Corpay (NYSE:CPAY) last posted its earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.04. The business had revenue of $975.70 million for the quarter, compared to analysts’ expectations of $973.84 million. Corpay had a net margin of 26.41% and a return on equity of 38.93%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.85 EPS. On average, equities analysts forecast that Corpay, Inc. will post 17.83 EPS for the current fiscal 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.