Corpay, Inc. (NYSE:CPAY) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,173,238 shares of the company's stock after selling 4,059 shares during the period. Corpay comprises approximately 1.7% of Mawer Investment Management Ltd.'s holdings, making the stock its 19th largest holding. Mawer Investment Management Ltd. owned about 1.69% of Corpay worth $366,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CPAY. Albion Financial Group UT bought a new stake in Corpay during the 3rd quarter valued at $27,000. LGT Financial Advisors LLC bought a new stake in Corpay during the second quarter valued at about $33,000. Blue Trust Inc. grew its stake in Corpay by 246.2% in the second quarter. Blue Trust Inc. now owns 135 shares of the company's stock valued at $36,000 after purchasing an additional 96 shares during the last quarter. Innealta Capital LLC bought a new position in Corpay in the second quarter worth about $36,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Corpay during the second quarter valued at about $40,000. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CPAY has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective 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. Royal Bank of Canada reiterated a "sector perform" rating and set a $310.00 price objective on shares of Corpay in a report on Thursday, August 8th. Keefe, Bruyette & Woods raised their price objective on Corpay from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. William Blair raised Corpay to a "strong-buy" rating in a research report on Thursday, August 8th. Finally, Wells Fargo & Company raised their price target on Corpay from $285.00 to $320.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Four investment 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. According to MarketBeat, Corpay presently has a consensus rating of "Moderate Buy" and an average price target of $363.93.

Insider Buying and Selling at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction that occurred on 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 transaction, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.10% of the stock is owned by corporate insiders.

Corpay Stock Performance

Shares of CPAY stock traded up $1.21 during trading hours on Monday, hitting $364.57. The company's stock had a trading volume of 557,495 shares, compared to its average volume of 475,107. The stock has a market cap of $25.41 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. Corpay, Inc. has a 12-month low of $230.68 and a 12-month high of $375.98. The company has a 50 day moving average of $331.97 and a 200 day moving average of $298.77. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 1.69.

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.