Corpay, Inc. (NYSE:CPAY) Director Sells 2,975 Shares

Corpay, Inc. (NYSE:CPAY) Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the transaction, the director now directly owns 10,530 shares of the company’s stock, valued at $3,950,645.40. This trade represents a 22.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Corpay Stock Performance

Shares of Corpay stock opened at $363.36 on Friday. Corpay, Inc. has a 52 week low of $230.68 and a 52 week high of $375.98. The company has a market capitalization of $25.33 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.21. The stock’s fifty day moving average is $330.77 and its two-hundred day moving average is $298.37. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.69.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Albion Financial Group UT purchased a new position in shares of Corpay during the third quarter worth approximately $27,000. Headlands Technologies LLC bought a new position in Corpay in the first quarter worth approximately $31,000. RFP Financial Group LLC bought a new stake in Corpay during the 1st quarter valued at $35,000. LGT Financial Advisors LLC purchased a new stake in shares of Corpay in the 2nd quarter worth $33,000. Finally, Huntington National Bank lifted its holdings in shares of Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CPAY has been the subject of a number of research reports. Wells Fargo & Company increased their price target on Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Morgan Stanley raised their target price on shares of Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Wolfe Research raised shares of Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd. William Blair raised shares of Corpay to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $310.00 target price on shares of Corpay in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $363.93.

Corpay Company 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.