Corpay, Inc. (NYSE:CPAY) Shares Sold by Little House Capital LLC

Little House Capital LLC lessened its stake in Corpay, Inc. (NYSE:CPAY) by 73.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,030 shares of the company’s stock after selling 2,798 shares during the period. Little House Capital LLC’s holdings in Corpay were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CPAY. Vanguard Group Inc. acquired a new position in Corpay in the first quarter valued at $2,431,089,000. JPMorgan Chase & Co. acquired a new position in Corpay in the first quarter valued at $1,429,445,000. Price T Rowe Associates Inc. MD acquired a new position in Corpay in the first quarter valued at $1,355,377,000. Boston Partners acquired a new position in Corpay in the first quarter valued at $553,667,000. Finally, Sustainable Growth Advisers LP acquired a new position in Corpay in the first quarter valued at $553,279,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Trading Up 0.0 %

Shares of CPAY stock traded up $0.10 during trading hours on Tuesday, hitting $315.65. The company’s stock had a trading volume of 457,452 shares, compared to its average volume of 463,817. The stock has a fifty day moving average of $285.76. The firm has a market capitalization of $21.92 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.20. Corpay, Inc. has a twelve month low of $220.39 and a twelve month high of $319.94. The company has a current ratio of 1.02, a quick 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. The business had revenue of $975.70 million for the quarter, compared to analyst estimates of $973.84 million. Corpay had a net margin of 26.41% and a return on equity of 38.93%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.85 earnings per share. On average, equities analysts expect that Corpay, Inc. will post 17.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Raymond James reduced their target price on shares of Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. BMO Capital Markets reduced their target price on shares of Corpay from $360.00 to $350.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Jefferies Financial Group upped their target price on shares of Corpay from $295.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Evercore ISI reduced their target price on shares of Corpay from $350.00 to $345.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, Wells Fargo & Company assumed coverage on shares of Corpay in a report on Wednesday, June 5th. They issued an “equal weight” rating and a $285.00 target price for the company. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $332.50.

Corpay 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.