Hantz Financial Services Inc. Makes New $3.91 Million Investment in Corpay, Inc. (NYSE:CPAY)

Hantz Financial Services Inc. acquired a new stake in Corpay, Inc. (NYSE:CPAY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,667 shares of the company’s stock, valued at approximately $3,907,000.

A number of other hedge funds have also made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Corpay by 0.9% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,754 shares of the company’s stock valued at $2,066,000 after acquiring an additional 71 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Corpay by 252.2% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,649 shares of the company’s stock valued at $2,571,000 after acquiring an additional 6,909 shares during the last quarter. UMB Bank n.a. purchased a new position in shares of Corpay in the 2nd quarter valued at about $493,000. Innealta Capital LLC purchased a new position in shares of Corpay in the 2nd quarter valued at about $36,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Corpay in the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CPAY shares. Evercore ISI decreased their target price on Corpay from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Bank of America decreased their target price on Corpay from $331.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Barclays decreased their target price on Corpay from $355.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. Jefferies Financial Group upped their target price on Corpay from $295.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Raymond James decreased their target price on Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $332.50.

Corpay Trading Up 1.5 %

Corpay stock opened at $315.55 on Friday. Corpay, Inc. has a twelve month low of $220.39 and a twelve month high of $319.94. The stock’s 50 day moving average is $284.84. 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 firm has a market cap of $22.17 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.09 and a beta of 1.20.

Corpay (NYSE:CPAY) last issued its earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.04. The business had revenue of $975.70 million during the quarter, compared to the consensus estimate of $973.84 million. Corpay had a return on equity of 36.97% and a net margin of 26.29%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.85 EPS. Equities analysts predict that Corpay, Inc. will post 17.82 earnings per share 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.