MML Investors Services LLC Has $1.15 Million Stake in Corpay, Inc. (NYSE:CPAY)

MML Investors Services LLC lowered its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 34.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,678 shares of the company's stock after selling 1,951 shares during the quarter. MML Investors Services LLC's holdings in Corpay were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Albion Financial Group UT acquired a new stake in shares of Corpay in the 3rd quarter worth approximately $27,000. LGT Financial Advisors LLC bought a new position in Corpay during the 2nd quarter valued at $33,000. Blue Trust Inc. increased its position in shares of Corpay by 246.2% during the 2nd 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 period. Innealta Capital LLC bought a new stake in shares of Corpay in the 2nd quarter worth $36,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Corpay during the second quarter valued at about $40,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of the business's stock in a transaction on 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 owns 1,797 shares of the company's stock, valued at $664,961.88. The trade was a 81.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph W. Farrelly sold 2,975 shares of the firm's 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 transaction, the director now directly owns 10,530 shares of the company's stock, 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. Company insiders own 6.10% of the company's stock.

Corpay Stock Performance

CPAY stock traded down $0.08 on Thursday, reaching $339.09. 488,922 shares of the company were exchanged, compared to its average volume of 470,620. The firm has a market capitalization of $23.64 billion, a PE ratio of 24.19, a PEG ratio of 1.43 and a beta of 1.24. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $385.30. The stock's fifty day moving average price is $357.14 and its 200 day moving average price is $312.90. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CPAY shares. BMO Capital Markets raised their price objective on shares of Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Keefe, Bruyette & Woods boosted their target price on Corpay from $400.00 to $425.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Jefferies Financial Group upped their price objective on shares of Corpay from $375.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Bank of America upped their price target on shares of Corpay from $344.00 to $375.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Finally, Barclays increased their target price on Corpay from $385.00 to $415.00 and gave the company an "overweight" rating in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Corpay has an average rating of "Moderate Buy" and a consensus price target of $369.29.

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.