Increasing stake by Vinva Investment Management in Corpay, Inc. (CPAY) headlines several investment firms buying, selling, or raising their stakes in CPAY. This includes BNP Paribas Financial Markets, Freedom Investment Management Inc., and PNC Financial Services Group among others. Alan King, insider at Corpay, sold 21,272 shares while the company extends its global partnership with World Aquatics as its FX payment provider. Q3 results surpassed estimates with profits buoyed by higher corporate spending. Corpay also marks a milestone by achieving $1.03 Billion revenue and earning per share (EPS) of $3.90. They have further gained recognition by being named to the TIME World’s Best Companies 2024 Rankings and received an average rating of 'Moderate Buy' from analysts. Even as they are gearing up to report Q3 earnings, CPAY continues to evolve its strategies, eyeing global expansion with a new office launch in New Zealand and joining the AbbeyCross ABX platform to provide FX payments to emerging markets. Given some options traders betting on a big move, they expect to grow earnings and continue their upward momentum. However, there were misses in EPS expectations.
Corpay CPAY News Analytics from Wed, 08 May 2024 07:00:00 GMT to Sat, 30 Nov 2024 10:50:52 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -5
