Vestcor Inc Has $2.22 Million Holdings in Corpay, Inc. (NYSE:CPAY)

Vestcor Inc boosted its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 239.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,088 shares of the company's stock after purchasing an additional 5,000 shares during the period. Vestcor Inc's holdings in Corpay were worth $2,217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPAY. Whittier Trust Co. of Nevada Inc. increased its position in shares of Corpay by 22.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company's stock worth $58,000 after purchasing an additional 34 shares during the last quarter. Mather Group LLC. grew its stake in Corpay by 21.2% in the third quarter. Mather Group LLC. now owns 200 shares of the company's stock worth $63,000 after purchasing an additional 35 shares in the last quarter. Epic Trust Investment Advisors LLC increased its holdings in Corpay by 4.1% in the second quarter. Epic Trust Investment Advisors LLC now owns 998 shares of the company's stock valued at $266,000 after buying an additional 39 shares during the last quarter. Huntington National Bank raised its stake in Corpay by 43.0% during the third quarter. Huntington National Bank now owns 133 shares of the company's stock valued at $42,000 after buying an additional 40 shares in the last quarter. Finally, Empirical Finance LLC raised its stake in Corpay by 1.8% during the third quarter. Empirical Finance LLC now owns 2,493 shares of the company's stock valued at $780,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Corpay from $327.00 to $353.00 and gave the company an "overweight" rating in a report on Tuesday, August 20th. Wells Fargo & Company boosted their target price on shares of Corpay from $285.00 to $320.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. BMO Capital Markets raised their price target on shares of Corpay from $350.00 to $390.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Barclays boosted their price objective on shares of Corpay from $385.00 to $415.00 and gave the company an "overweight" rating in a research report on Monday, October 28th. Finally, Wolfe Research raised shares of Corpay from an "underperform" rating to a "peer perform" rating in a report on Tuesday, September 3rd. Four 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $365.71.

Insider Buying and Selling at Corpay

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of the business's stock in a transaction dated 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 sale, the chief accounting officer now directly owns 1,797 shares in the company, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph W. Farrelly sold 2,975 shares of the firm's 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 owns 10,530 shares of the company's stock, valued at approximately $3,950,645.40. This trade represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

Corpay Stock Performance

Shares of NYSE:CPAY traded up $7.69 on Wednesday, hitting $364.93. The company's stock had a trading volume of 466,734 shares, compared to its average volume of 472,718. The company has a market capitalization of $25.44 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $385.30. The stock's 50-day moving average is $353.84 and its two-hundred day moving average is $309.27.

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.