Massmutual Trust Co. FSB ADV Acquires 43 Shares of Corpay, Inc. (NYSE:CPAY)

Massmutual Trust Co. FSB ADV increased its holdings in Corpay, Inc. (NYSE:CPAY) by 21.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242 shares of the company’s stock after acquiring an additional 43 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Corpay were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in shares of Corpay during the 1st quarter valued at about $25,000. Headlands Technologies LLC purchased a new stake in shares of Corpay during the 1st quarter valued at about $31,000. Sunbelt Securities Inc. purchased a new position in shares of Corpay in the first quarter worth approximately $34,000. RFP Financial Group LLC purchased a new position in shares of Corpay in the first quarter worth approximately $35,000. Finally, Hollencrest Capital Management purchased a new position in shares of Corpay in the first quarter worth approximately $46,000. 98.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Corpay from $330.00 to $326.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Evercore ISI dropped their price objective on shares of Corpay from $350.00 to $345.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $310.00 price target on shares of Corpay in a report on Friday, June 21st. Wells Fargo & Company began coverage on shares of Corpay in a report on Wednesday, June 5th. They set an “equal weight” rating and a $285.00 price target on the stock. Finally, Citigroup lifted their price target on shares of Corpay from $325.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $333.91.

Corpay Stock Performance

NYSE:CPAY traded up $5.06 during midday trading on Tuesday, reaching $270.97. 446,453 shares of the stock traded hands, compared to its average volume of 467,235. The company has a market cap of $19.04 billion, a PE ratio of 20.25, a PEG ratio of 1.09 and a beta of 1.20. Corpay, Inc. has a 12-month low of $220.39 and a 12-month high of $319.94. The firm has a 50-day moving average price of $272.00. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.07 and a quick ratio of 1.07.

Corpay (NYSE:CPAY) last released 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 firm had revenue of $935.25 million for the quarter, compared to analyst estimates of $936.25 million. Corpay had a net margin of 26.29% and a return on equity of 36.97%. Research analysts anticipate that Corpay, Inc. will post 17.82 earnings per share for the current year.

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.