48,211 Shares in Corpay, Inc. (NYSE:CPAY) Acquired by Incline Global Management LLC

Incline Global Management LLC bought a new position in shares of Corpay, Inc. (NYSE:CPAY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 48,211 shares of the company’s stock, valued at approximately $14,875,000. Corpay comprises about 4.7% of Incline Global Management LLC’s investment portfolio, making the stock its 13th largest holding. Incline Global Management LLC owned approximately 0.07% of Corpay at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in Corpay during the 1st quarter worth approximately $25,000. Headlands Technologies LLC purchased a new stake in shares of Corpay in the 1st quarter valued at $31,000. Sunbelt Securities Inc. purchased a new stake in shares of Corpay in the 1st quarter valued at $34,000. RFP Financial Group LLC purchased a new stake in shares of Corpay in the 1st quarter valued at $35,000. Finally, Hollencrest Capital Management purchased a new stake in shares of Corpay in the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wolfe Research downgraded shares of Corpay from a “peer perform” rating to an “underperform” rating and set a $295.00 price objective on the stock. in a report on Friday, May 17th. Barclays dropped their price objective on shares of Corpay from $355.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Robert W. Baird upped their price objective on shares of Corpay from $355.00 to $376.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Wells Fargo & Company began coverage on shares of Corpay in a research note on Wednesday, June 5th. They issued an “equal weight” rating and a $285.00 target price for the company. Finally, Evercore ISI decreased their target price on shares of Corpay from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and an average price target of $333.91.

Corpay Trading Up 1.4 %

NYSE:CPAY traded up $4.05 during trading hours on Tuesday, reaching $297.64. 186,612 shares of the company were exchanged, compared to its average volume of 466,449. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50-day moving average of $271.22. The firm has a market cap of $20.92 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 1.12 and a beta of 1.20. Corpay, Inc. has a twelve month low of $220.39 and a twelve month high of $319.94.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.04. The company had revenue of $935.25 million during the quarter, compared to analysts’ expectations of $936.25 million. Corpay had a net margin of 26.29% and a return on equity of 36.97%. As a group, research analysts anticipate 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.