Corpay, Inc. (NYSE:CPAY) Shares Sold by Agate Pass Investment Management LLC

Agate Pass Investment Management LLC decreased its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 15.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,234 shares of the company's stock after selling 1,875 shares during the period. Corpay accounts for about 1.6% of Agate Pass Investment Management LLC's holdings, making the stock its 16th largest holding. Agate Pass Investment Management LLC's holdings in Corpay were worth $3,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Albion Financial Group UT purchased a new position in shares of Corpay in the third quarter worth $27,000. Versant Capital Management Inc grew its holdings in Corpay by 130.4% during the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 60 shares during the period. Huntington National Bank raised its stake in Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after acquiring an additional 40 shares during the period. Quarry LP bought a new stake in shares of Corpay during the third quarter valued at approximately $42,000. Finally, Continuum Advisory LLC grew its position in shares of Corpay by 47.9% during the third quarter. Continuum Advisory LLC now owns 142 shares of the company's stock valued at $44,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

CPAY has been the subject of a number of research reports. Wolfe Research upgraded Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 target price for the company in a research report on Wednesday, January 8th. Jefferies Financial Group increased their price objective on shares of Corpay from $375.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods decreased their target price on shares of Corpay from $425.00 to $415.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. BMO Capital Markets lifted their price target on Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Finally, Morgan Stanley raised their price objective on Corpay from $325.00 to $350.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $377.50.

Insider Transactions at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total value 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 represents a 22.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the sale, the chief accounting officer now owns 1,797 shares of the company's stock, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company's stock.

Corpay Stock Up 1.3 %

Shares of CPAY stock traded up $4.51 on Monday, hitting $352.90. The stock had a trading volume of 346,512 shares, compared to its average volume of 498,773. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. Corpay, Inc. has a one year low of $247.10 and a one year high of $385.30. The business has a 50 day moving average price of $358.10 and a 200 day moving average price of $323.32. The company has a market cap of $24.60 billion, a PE ratio of 25.17, a P/E/G ratio of 1.40 and a beta of 1.26.

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.