XTX Topco Ltd Sells 5,359 Shares of Corpay, Inc. (NYSE:CPAY)

XTX Topco Ltd trimmed its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 80.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,285 shares of the company's stock after selling 5,359 shares during the quarter. XTX Topco Ltd's holdings in Corpay were worth $402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Corpay by 43.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,494 shares of the company's stock valued at $1,197,000 after buying an additional 1,364 shares during the period. Blue Trust Inc. grew its stake 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 period. Raymond James & Associates increased its holdings in shares of Corpay by 5.0% during the second quarter. Raymond James & Associates now owns 67,271 shares of the company's stock valued at $17,922,000 after acquiring an additional 3,214 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Corpay during the second quarter worth approximately $800,000. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Corpay in the 2nd quarter worth $448,000. 98.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CPAY. Keefe, Bruyette & Woods upped their price objective on shares of Corpay from $400.00 to $425.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Morgan Stanley upped their target price on shares of Corpay from $325.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Bank of America lifted their price target on Corpay from $344.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Jefferies Financial Group increased their price objective on Corpay from $375.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, Wolfe Research raised Corpay from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, September 3rd. Four 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. According to data from MarketBeat, Corpay presently has a consensus rating of "Moderate Buy" and an average price target of $369.29.

Insider Transactions at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of the business's stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total value of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now owns 1,797 shares of the company's stock, valued at approximately $664,961.88. This represents a 81.66 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

Corpay Stock Performance

NYSE:CPAY traded up $0.49 during trading hours on Monday, reaching $357.56. The stock had a trading volume of 419,309 shares, compared to its average volume of 470,912. The stock has a market cap of $24.93 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The stock has a 50 day simple moving average of $356.67 and a 200 day simple moving average of $311.94. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $385.30.

Corpay Profile

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.