UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 535 Shares of Corpay, Inc. (NYSE:CPAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Corpay, Inc. (NYSE:CPAY) by 0.2% in the 3rd quarter, Holdings Channel reports. The fund owned 318,800 shares of the company’s stock after selling 535 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Corpay were worth $99,708,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in Corpay by 3.0% during the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company’s stock worth $842,215,000 after purchasing an additional 78,880 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in Corpay by 1.1% during the 2nd quarter. Mawer Investment Management Ltd. now owns 1,177,297 shares of the company’s stock worth $313,644,000 after purchasing an additional 12,338 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Corpay by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 718,752 shares of the company’s stock worth $191,497,000 after purchasing an additional 70,408 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Corpay by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,477 shares of the company’s stock worth $143,393,000 after purchasing an additional 1,749 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Corpay by 1,734.1% during the 2nd quarter. American Century Companies Inc. now owns 400,662 shares of the company’s stock worth $106,740,000 after purchasing an additional 378,817 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Corpay Price Performance

Shares of CPAY stock opened at $381.18 on Monday. The firm has a market cap of $26.57 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.49 and a beta of 1.21. Corpay, Inc. has a fifty-two week low of $236.15 and a fifty-two week high of $385.30. The business’s 50 day moving average price is $345.66 and its 200-day moving average price is $304.65. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05.

Insider Transactions at Corpay

In other news, CAO Alissa B. Vickery sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total value of $2,960,320.00. Following the transaction, the chief accounting officer now owns 1,797 shares in the company, valued at approximately $664,961.88. This represents a 81.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph W. Farrelly sold 2,975 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

CPAY has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $310.00 price target on shares of Corpay in a report on Thursday, August 8th. Wells Fargo & Company raised their price target on Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. BMO Capital Markets raised their price target on Corpay from $350.00 to $390.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Bank of America raised their price objective on Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods raised their price objective on Corpay from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and an average target price of $363.93.

About Corpay

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.