V Square Quantitative Management LLC Purchases Shares of 718 Corpay, Inc. (NYSE:CPAY)

V Square Quantitative Management LLC acquired a new position in shares of Corpay, Inc. (NYSE:CPAYFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 718 shares of the company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wedge Capital Management L L P NC bought a new position in shares of Corpay during the first quarter valued at about $87,708,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Corpay during the 1st quarter worth approximately $52,600,000. Los Angeles Capital Management LLC purchased a new position in shares of Corpay in the 1st quarter worth approximately $33,840,000. Raymond James & Associates purchased a new position in shares of Corpay in the 1st quarter worth approximately $19,764,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Corpay during the first quarter valued at approximately $9,282,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay Stock Down 2.1 %

CPAY traded down $5.83 on Tuesday, hitting $273.11. The company’s stock had a trading volume of 739,851 shares, compared to its average volume of 464,810. The stock has a market cap of $19.19 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 1.10 and a beta of 1.21. Corpay, Inc. has a 12 month low of $220.39 and a 12 month high of $319.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.48. The stock’s 50 day simple moving average is $298.49.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CPAY shares. Royal Bank of Canada boosted their price objective on Corpay from $302.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 9th. 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 report on Monday, May 13th. Robert W. Baird lifted their price objective on shares of Corpay from $355.00 to $376.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Wolfe Research downgraded shares of Corpay from a “peer perform” rating to an “underperform” rating and set a $295.00 target price for the company. in a research report on Friday. Finally, BMO Capital Markets lowered their price target on shares of Corpay from $360.00 to $350.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $341.57.

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Corpay Profile

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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.

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Institutional Ownership by Quarter for Corpay (NYSE:CPAY)

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