Ceera Investments LLC Invests $3.53 Million in Corpay, Inc. (NYSE:CPAY)

Ceera Investments LLC acquired a new stake in shares of Corpay, Inc. (NYSE:CPAY) in the second quarter, HoldingsChannel reports. The fund acquired 13,236 shares of the company’s stock, valued at approximately $3,526,000. Corpay makes up about 1.5% of Ceera Investments LLC’s investment portfolio, making the stock its 22nd biggest holding.

A number of other large investors have also recently bought and sold shares of the business. Global Retirement Partners LLC bought a new position in shares of Corpay during the first quarter worth about $25,000. Headlands Technologies LLC acquired a new stake in shares of Corpay in the first quarter valued at approximately $31,000. LGT Financial Advisors LLC bought a new stake in shares of Corpay during the second quarter valued at approximately $33,000. Sunbelt Securities Inc. acquired a new position in shares of Corpay during the first quarter worth approximately $34,000. Finally, RFP Financial Group LLC bought a new position in Corpay in the 1st quarter worth approximately $35,000. Institutional investors own 98.84% of the company’s stock.

Corpay Price Performance

Shares of CPAY traded down $1.82 during trading hours on Friday, hitting $302.97. 283,251 shares of the company were exchanged, compared to its average volume of 464,506. 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 company has a market capitalization of $21.29 billion, a P/E ratio of 22.55, a PEG ratio of 1.26 and a beta of 1.22. The business’s fifty day moving average is $288.91. Corpay, Inc. has a one year low of $220.39 and a one year high of $319.94.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.04. The business had revenue of $975.70 million during the quarter, compared to analyst estimates of $973.84 million. Corpay had a return on equity of 38.93% and a net margin of 26.41%. Corpay’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $3.85 EPS. Sell-side analysts expect that Corpay, Inc. will post 17.81 EPS for the current year.

Wall Street Analyst Weigh In

CPAY has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on Corpay from $327.00 to $353.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday. Bank of America decreased their target price on shares of Corpay from $331.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Jefferies Financial Group boosted their price target on shares of Corpay from $295.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Barclays reduced their price target on shares of Corpay from $355.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Corpay has a consensus rating of “Moderate Buy” and a consensus price target of $332.50.

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.