Atria Investments Inc Cuts Stake in Corpay, Inc. (NYSE:CPAY)

Atria Investments Inc lowered its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 49.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,689 shares of the company's stock after selling 1,628 shares during the quarter. Atria Investments Inc's holdings in Corpay were worth $528,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Albion Financial Group UT purchased a new position in shares of Corpay during the third quarter valued at about $27,000. LGT Financial Advisors LLC purchased a new position in Corpay during the second quarter valued at $33,000. Blue Trust Inc. grew its stake in shares of Corpay by 246.2% in the 2nd quarter. Blue Trust Inc. now owns 135 shares of the company's stock worth $36,000 after buying an additional 96 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Corpay in the 2nd quarter worth about $36,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Corpay during the 2nd quarter valued at about $40,000. Institutional investors own 98.84% of the company's stock.

Corpay Trading Up 0.3 %

Shares of NYSE CPAY traded up $1.05 during trading on Wednesday, reaching $369.24. The company had a trading volume of 263,929 shares, compared to its average volume of 474,508. Corpay, Inc. has a 12 month low of $230.68 and a 12 month high of $375.98. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The company's fifty day moving average price is $334.29 and its 200-day moving average price is $299.71. The stock has a market cap of $25.74 billion, a P/E ratio of 26.26, a PEG ratio of 1.42 and a beta of 1.21.

Insider Activity at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 10,530 shares in the company, valued at $3,950,645.40. This represents a 22.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 6.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CPAY has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Corpay from $285.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Morgan Stanley lifted their target price on shares of Corpay from $325.00 to $350.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Citigroup boosted their price target on shares of Corpay from $405.00 to $430.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Jefferies Financial Group upped their price target 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. Finally, Barclays upped their price target on shares of Corpay from $385.00 to $415.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. Four equities research 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 company. Based on data from MarketBeat, Corpay has an average rating of "Moderate Buy" and a consensus price target 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.