2,243 Shares in Corpay, Inc. (NYSE:CPAY) Bought by Retireful LLC

Retireful LLC acquired a new stake in Corpay, Inc. (NYSE:CPAY - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,243 shares of the company's stock, valued at approximately $702,000.

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

Corpay Trading Up 0.3 %

NYSE:CPAY traded up $1.05 during mid-day trading on Wednesday, hitting $369.24. The company had a trading volume of 263,929 shares, compared to its average volume of 474,508. The firm has a market cap of $25.74 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.42 and a beta of 1.21. Corpay, Inc. has a fifty-two week low of $230.68 and a fifty-two week high of $375.98. The business's fifty day moving average is $334.29 and its two-hundred day moving average is $299.71. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05.

Insider Activity at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of the 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CPAY shares. Citigroup lifted their price objective on Corpay from $405.00 to $430.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Morgan Stanley upped their price objective on shares of 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 upgraded shares of Corpay to a "strong-buy" rating in a research note on Thursday, August 8th. BMO Capital Markets increased their price target on Corpay from $350.00 to $390.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $310.00 price objective on shares of Corpay in a report on Thursday, August 8th. Four investment 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 stock. According to data from MarketBeat, Corpay presently has a consensus rating of "Moderate Buy" and a consensus target price of $363.93.

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.