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

Corpay, Inc. (NYSE:CPAY) Director Joseph W. Farrelly sold 2,975 shares of the company’s 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 transaction, the director now owns 10,530 shares in the company, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Corpay Trading Down 1.9 %

Shares of Corpay stock opened at $363.36 on Friday. Corpay, Inc. has a 1-year low of $230.68 and a 1-year high of $375.98. The company’s fifty day simple moving average is $331.97 and its 200-day simple moving average is $298.75. 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 stock has a market capitalization of $25.33 billion, a PE ratio of 25.92, a P/E/G ratio of 1.44 and a beta of 1.21.

Analyst Ratings Changes

CPAY has been the topic of several analyst reports. Raymond James lowered their price objective on Corpay from $330.00 to $311.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. William Blair raised Corpay to a “strong-buy” rating in a research report on Thursday, August 8th. Jefferies Financial Group lifted their price objective on Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their target price on shares of Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, BMO Capital Markets lifted their price target on shares of Corpay from $350.00 to $390.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. 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 stock. According to MarketBeat.com, Corpay presently has an average rating of “Moderate Buy” and a consensus target price of $363.93.

Hedge Funds Weigh In On Corpay

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Albion Financial Group UT purchased a new stake in Corpay in the third quarter worth about $27,000. Headlands Technologies LLC bought a new position in shares of Corpay during the 1st quarter valued at 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 bought a new stake in Corpay during the 2nd quarter worth approximately $33,000. Finally, Huntington National Bank lifted its holdings in Corpay by 43.0% during the third quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after purchasing an additional 40 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.