2,136 Shares in Corpay, Inc. (NYSE:CPAY) Purchased by Banco Santander S.A.

Banco Santander S.A. purchased a new position in Corpay, Inc. (NYSE:CPAY - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,136 shares of the company's stock, valued at approximately $668,000.

Several other institutional investors and hedge funds have also bought and sold shares of CPAY. EP Wealth Advisors LLC bought a new stake in Corpay during the first quarter worth about $949,000. Swedbank AB increased its position in Corpay by 26.9% during the 2nd quarter. Swedbank AB now owns 127,217 shares of the company's stock valued at $33,892,000 after buying an additional 27,000 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Corpay during the first quarter valued at $10,171,000. Lazard Asset Management LLC purchased a new stake in shares of Corpay in the first quarter worth $80,102,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Corpay in the first quarter worth $2,827,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CPAY has been the topic of a number of analyst reports. Raymond James dropped their price target on shares of Corpay from $330.00 to $311.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on shares of Corpay from $327.00 to $353.00 and gave the company an "overweight" rating in a report on Tuesday, August 20th. BMO Capital Markets boosted their price objective on shares of Corpay from $350.00 to $390.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Wolfe Research raised Corpay from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, September 3rd. Finally, Citigroup lifted their target price on Corpay from $405.00 to $430.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Four 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $363.93.

Insider Buying and Selling at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the completion of the sale, the director now owns 10,530 shares in the company, valued at approximately $3,950,645.40. This trade represents a 22.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total value of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. Insiders own 6.10% of the company's stock.

Corpay Stock Performance

Shares of CPAY stock traded up $4.41 during trading hours on Friday, reaching $379.87. 299,933 shares of the company traded hands, compared to its average volume of 582,020. The firm has a 50-day moving average price of $338.38 and a 200 day moving average price of $301.26. The company has a market cap of $26.48 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.47 and a beta of 1.21. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05. Corpay, Inc. has a 12-month low of $230.68 and a 12-month high of $380.00.

Corpay 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.