First Hawaiian Bank Acquires Shares of 2,050 Corpay, Inc. (NYSE:CPAY)

First Hawaiian Bank bought a new position in Corpay, Inc. (NYSE:CPAY) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,050 shares of the company’s stock, valued at approximately $546,000.

A number of other institutional investors have also modified their holdings of CPAY. Global Retirement Partners LLC purchased a new position in Corpay in the first quarter worth $25,000. Headlands Technologies LLC acquired a new position in Corpay during the first quarter worth $31,000. Sunbelt Securities Inc. purchased a new position in Corpay in the first quarter worth approximately $34,000. RFP Financial Group LLC purchased a new stake in Corpay in the first quarter valued at approximately $35,000. Finally, Hollencrest Capital Management purchased a new position in shares of Corpay in the first quarter valued at approximately $46,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup boosted their target price on shares of Corpay from $325.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Barclays dropped their target price on shares of Corpay from $355.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, May 13th. Jefferies Financial Group boosted their price target on shares of Corpay from $295.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Evercore ISI dropped their price objective on Corpay from $350.00 to $345.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. decreased their target price on Corpay from $330.00 to $326.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $333.91.

Corpay Trading Down 3.3 %

Shares of NYSE:CPAY traded down $9.04 during midday trading on Monday, hitting $265.86. The stock had a trading volume of 552,144 shares, compared to its average volume of 467,375. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.48. The company’s 50 day moving average price is $272.04. The stock has a market cap of $18.68 billion, a P/E ratio of 20.45, a PEG ratio of 1.09 and a beta of 1.20. Corpay, Inc. has a 1 year low of $220.39 and a 1 year high of $319.94.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, May 8th. The company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.04. Corpay had a net margin of 26.29% and a return on equity of 36.97%. The firm had revenue of $935.25 million during the quarter, compared to the consensus estimate of $936.25 million. As a group, equities analysts expect that Corpay, Inc. will post 17.82 EPS for the current year.

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.