Corpay, Inc. (NYSE:CPAY) is Goodman Financial Corp’s 5th Largest Position

Goodman Financial Corp grew its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,784 shares of the company’s stock after buying an additional 372 shares during the period. Corpay accounts for 3.6% of Goodman Financial Corp’s portfolio, making the stock its 5th biggest position. Goodman Financial Corp owned approximately 0.07% of Corpay worth $16,196,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Albion Financial Group UT bought a new position in Corpay in the third quarter worth about $27,000. LGT Financial Advisors LLC purchased a new position in shares of Corpay during the 2nd quarter worth approximately $33,000. Huntington National Bank raised its position in shares of Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after acquiring an additional 40 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Corpay in the 2nd quarter valued at approximately $36,000. Finally, Blue Trust Inc. boosted its position in shares of Corpay by 246.2% during the second quarter. Blue Trust Inc. now owns 135 shares of the company’s stock valued at $36,000 after purchasing an additional 96 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CPAY. Keefe, Bruyette & Woods lifted their price target on shares of Corpay from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $310.00 price target on shares of Corpay in a research note on Thursday, August 8th. Jefferies Financial Group lifted their price objective on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley increased their target price on Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Four 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 stock. According to MarketBeat.com, Corpay presently has a consensus rating of “Moderate Buy” and a consensus price target of $363.93.

Insider Transactions at Corpay

In other Corpay news, 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 transaction, the chief accounting officer now directly owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph W. Farrelly sold 2,975 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $3,950,645.40. The trade was a 22.03 % 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 opened at $382.19 on Tuesday. 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 cap of $26.64 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.49 and a beta of 1.21. The business has a 50-day simple moving average of $339.86 and a two-hundred day simple moving average of $301.90. Corpay, Inc. has a fifty-two week low of $230.68 and a fifty-two week high of $385.30.

Corpay Company 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.