Corpay, Inc. (NYSE:CPAY) Shares Acquired by Maven Securities LTD

Maven Securities LTD raised its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 70.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,250 shares of the company's stock after acquiring an additional 1,750 shares during the period. Maven Securities LTD's holdings in Corpay were worth $1,329,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in Corpay by 22.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company's stock valued at $58,000 after acquiring an additional 34 shares during the period. Mather Group LLC. increased its holdings in shares of Corpay by 21.2% during the 3rd quarter. Mather Group LLC. now owns 200 shares of the company's stock valued at $63,000 after purchasing an additional 35 shares in the last quarter. Epic Trust Investment Advisors LLC lifted its stake in shares of Corpay by 4.1% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 998 shares of the company's stock valued at $266,000 after purchasing an additional 39 shares during the period. Huntington National Bank boosted its holdings in Corpay by 43.0% during the third quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after buying an additional 40 shares in the last quarter. Finally, Empirical Finance LLC grew its position in Corpay by 1.8% during the third quarter. Empirical Finance LLC now owns 2,493 shares of the company's stock valued at $780,000 after buying an additional 43 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CPAY. Wells Fargo & Company increased their target price on shares of Corpay from $285.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Barclays increased their price target on Corpay from $385.00 to $415.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Royal Bank of Canada restated a "sector perform" rating and issued a $310.00 price objective on shares of Corpay in a research report on Thursday, August 8th. William Blair upgraded Corpay to a "strong-buy" rating in a research report on Thursday, August 8th. Finally, Bank of America boosted their price target on shares of Corpay from $344.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Corpay presently has a consensus rating of "Moderate Buy" and a consensus price target of $363.93.

Corpay Price Performance

Shares of Corpay stock traded down $3.42 on Thursday, hitting $367.58. 427,709 shares of the company were exchanged, compared to its average volume of 472,519. 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 has a 50-day moving average price of $350.94 and a 200 day moving average price of $306.91. The stock has a market capitalization of $25.62 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $385.30.

Insider Buying and Selling

In other news, CAO Alissa B. Vickery sold 8,000 shares of the stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,116,160.50. Following the sale, the director now directly owns 10,530 shares in the company, valued at approximately $3,950,645.40. The trade was a 22.03 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

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.