Hantz Financial Services Inc. reduced its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 94.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 836 shares of the company's stock after selling 13,831 shares during the period. Hantz Financial Services Inc.'s holdings in Corpay were worth $261,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. Albion Financial Group UT acquired a new stake in shares of Corpay in the third quarter worth approximately $27,000. LGT Financial Advisors LLC purchased a new position in shares of Corpay in the 2nd quarter worth $33,000. Blue Trust Inc. boosted its holdings 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 acquiring an additional 96 shares during the last quarter. Innealta Capital LLC purchased a new stake in Corpay during the second quarter valued at about $36,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in Corpay during the 2nd quarter worth approximately $40,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Morgan Stanley boosted their price objective on Corpay from $325.00 to $350.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. William Blair raised shares of Corpay to a "strong-buy" rating in a research report on Thursday, August 8th. Keefe, Bruyette & Woods boosted their target price on shares of Corpay from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Jefferies Financial Group raised their price target on shares of Corpay from $375.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Raymond James cut their price objective on shares of Corpay from $330.00 to $311.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $363.93.
Read Our Latest Stock Report on CPAY
Insider Activity at Corpay
In related news, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 10,530 shares of the company's stock, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of Corpay 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 transaction, the chief accounting officer now directly owns 1,797 shares in the company, valued at approximately $664,961.88. This trade represents a 81.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.10% of the company's stock.
Corpay Price Performance
Shares of NYSE:CPAY traded down $8.41 during trading on Tuesday, reaching $374.58. The company had a trading volume of 526,947 shares, compared to its average volume of 473,056. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $385.30. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $26.11 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The firm's fifty day moving average is $348.40 and its 200 day moving average is $306.03.
Corpay Profile
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Free Report)
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.
Further Reading
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