Glenmede Trust Co. NA Sells 5,705 Shares of Corpay, Inc. (NYSE:CPAY)

Glenmede Trust Co. NA lowered its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 61,267 shares of the company's stock after selling 5,705 shares during the period. Glenmede Trust Co. NA owned about 0.09% of Corpay worth $19,162,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Albion Financial Group UT bought a new stake in Corpay in the 3rd quarter worth $27,000. LGT Financial Advisors LLC bought a new stake in Corpay in the 2nd quarter worth $33,000. Huntington National Bank grew its holdings in Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after acquiring an additional 40 shares during the last quarter. Innealta Capital LLC bought a new stake in Corpay in the 2nd quarter worth $36,000. Finally, Blue Trust Inc. grew its holdings in Corpay by 246.2% in the 2nd quarter. Blue Trust Inc. now owns 135 shares of the company's stock worth $36,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Insiders Place Their Bets

In other news, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the completion of the sale, the chief accounting officer now owns 1,797 shares of the company's stock, valued at $664,961.88. This represents a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company's stock.

Wall Street Analyst Weigh In

CPAY has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of Corpay from $375.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. BMO Capital Markets lifted their target price on shares of Corpay from $350.00 to $390.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $310.00 target price on shares of Corpay in a research note on Thursday, August 8th. Citigroup lifted their target price on shares of Corpay from $405.00 to $430.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Finally, William Blair raised shares of Corpay to a "strong-buy" rating in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $363.93.

Corpay Stock Up 0.1 %

NYSE CPAY traded up $0.56 during trading hours on Friday, reaching $381.18. 212,465 shares of the company's stock traded hands, compared to its average volume of 471,828. Corpay, Inc. has a 52-week low of $236.15 and a 52-week high of $385.30. The firm has a market cap of $26.57 billion, a PE ratio of 27.19, a PEG ratio of 1.49 and a beta of 1.21. The firm has a 50-day simple moving average of $345.66 and a 200 day simple moving average of $304.33. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05.

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.