Many institutional investors such as
TCW Group,
Envestnet Portfolio Solutions, and
Swedbank have increased their stakes in
Corpay Inc. This is coupled with the news of new investments by entities like
DekaBank Deutsche Girozentrale and
Sequoia Financial Advisors. In a significant development,
Corpay announced collaborations with
Finzly and
WTA enhancing its foreign exchange offerings for financial institutions. Furthermore, the company has acquired
Cross-Border Payments Company and a Full AP Corporate Payments Company, expecting to boost its market presence. Despite a 7.7% dip since the last earnings report,
Corpay’s Q2 earnings beat the estimates, and the company has a “
Moderate Buy” rating from several brokerages with an average PT of $330.33.
FLEETCOR's significant rebranding to Corpay, to focus on B2B payment solutions, also made the headlines. Overall, as
Corpay expands its operations significantly, the growth trajectory looks promising.
Corpay CPAY News Analytics from Thu, 07 Mar 2024 08:00:00 GMT to Sun, 18 Aug 2024 16:36:15 GMT -
Rating 7
- Innovation 8
- Information 5
- Rumor 4
