Vista Investment Partners LLC Has $1.82 Million Stake in Corpay, Inc. (NYSE:CPAY)

Vista Investment Partners LLC increased its stake in Corpay, Inc. (NYSE:CPAY) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,826 shares of the company’s stock after purchasing an additional 67 shares during the period. Vista Investment Partners LLC’s holdings in Corpay were worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several research analysts recently commented on CPAY shares. Evercore ISI reduced their price target on Corpay from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $310.00 price objective on shares of Corpay in a report on Thursday, August 8th. BMO Capital Markets boosted their target price on shares of Corpay from $350.00 to $390.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Jefferies Financial Group increased their price target on shares of Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays boosted their price objective on shares of Corpay from $330.00 to $385.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Three 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $350.42.

Corpay Stock Up 1.6 %

Corpay stock opened at $350.41 on Friday. Corpay, Inc. has a twelve month low of $220.39 and a twelve month high of $351.12. The stock has a market cap of $24.62 billion, a P/E ratio of 26.07, a P/E/G ratio of 1.33 and a beta of 1.22. The company’s 50-day moving average price is $311.02 and its two-hundred day moving average price is $292.14. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74.

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