Barclays PLC Sells 52,594 Shares of Corpay, Inc. (NYSE:CPAY)

Barclays PLC lessened its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 20.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 204,302 shares of the company's stock after selling 52,594 shares during the quarter. Barclays PLC owned approximately 0.29% of Corpay worth $63,897,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its holdings in shares of Corpay by 3.0% in the third quarter. FMR LLC now owns 2,692,847 shares of the company's stock valued at $842,215,000 after buying an additional 78,880 shares during the period. Mawer Investment Management Ltd. grew its holdings in Corpay by 1.1% during the second 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 during the period. Dimensional Fund Advisors LP lifted its position in shares of Corpay by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 718,752 shares of the company's stock valued at $191,497,000 after buying an additional 70,408 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 1,749 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Corpay by 1,734.1% during the second 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 during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CPAY. 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. Wells Fargo & Company boosted 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. Bank of America increased their target price on shares of Corpay from $344.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price target on Corpay from $327.00 to $353.00 and gave the company an "overweight" rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley increased their price target on Corpay from $325.00 to $350.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $365.71.

Corpay Price Performance

Corpay stock traded down $3.69 during midday trading on Thursday, reaching $361.31. The company's stock had a trading volume of 330,302 shares, compared to its average volume of 472,124. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69. The stock has a market cap of $25.19 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. Corpay, Inc. has a 52 week low of $247.10 and a 52 week high of $385.30. The business has a 50-day moving average price of $354.81 and a 200-day moving average price of $309.66.

Insider Activity at Corpay

In related news, CAO Alissa B. Vickery sold 8,000 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 1,797 shares in the company, valued at $664,961.88. This represents a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction dated 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 in the company, valued at $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

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.