Corpay, Inc. (NYSE:CPAY) Director Joseph W. Farrelly Sells 2,975 Shares of Stock

by · The Cerbat Gem

Corpay, Inc. (NYSE:CPAY – Get Free Report) Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction 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 transaction, the director now directly owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Corpay Price Performance

NYSE CPAY traded down $0.20 during trading hours on Friday, reaching $370.08. The company’s stock had a trading volume of 36,437 shares, compared to its average volume of 472,358. The firm has a market capitalization of $25.80 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 1.44 and a beta of 1.21. Corpay, Inc. has a 1-year low of $230.68 and a 1-year high of $375.98. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.02. The company’s 50-day moving average is $330.77 and its two-hundred day moving average is $298.37.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Albion Financial Group UT purchased a new position in shares of Corpay during the third quarter worth about $27,000. Headlands Technologies LLC purchased a new position in shares of Corpay during the 1st quarter worth approximately $31,000. RFP Financial Group LLC purchased a new stake in Corpay in the 1st quarter worth approximately $35,000. LGT Financial Advisors LLC purchased a new stake in shares of Corpay during the 2nd quarter valued at $33,000. Finally, Huntington National Bank lifted its holdings in shares of Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after acquiring an additional 40 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $310.00 price objective on shares of Corpay in a research report on Thursday, August 8th. Jefferies Financial Group upped their price target on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Citigroup boosted their price objective on Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets upped 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, Barclays upped their target price on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $363.93.

Check Out Our Latest Analysis on Corpay

Corpay Company Profile

(Get 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.

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