1,069 Shares in Corpay, Inc. (NYSE:CPAY) Purchased by Centiva Capital LP

Centiva Capital LP bought a new position in shares of Corpay, Inc. (NYSE:CPAY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,069 shares of the company’s stock, valued at approximately $334,000.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB grew its holdings in Corpay by 26.9% during the 2nd quarter. Swedbank AB now owns 127,217 shares of the company’s stock valued at $33,892,000 after buying an additional 27,000 shares in the last quarter. TCW Group Inc. boosted its holdings in shares of Corpay by 75.2% in the 2nd quarter. TCW Group Inc. now owns 17,579 shares of the company’s stock worth $4,683,000 after purchasing an additional 7,543 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Corpay by 66.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock worth $1,842,000 after purchasing an additional 2,355 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Corpay in the 2nd quarter worth approximately $35,655,000. Finally, Wilkins Investment Counsel Inc. boosted its holdings in shares of Corpay by 16.8% in the 2nd quarter. Wilkins Investment Counsel Inc. now owns 22,425 shares of the company’s stock worth $5,974,000 after purchasing an additional 3,225 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CPAY shares. Bank of America lifted their target price on Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wolfe Research raised Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price target on Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Citigroup raised their price target on Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Barclays raised their price target on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $365.71.

Corpay Stock Down 1.3 %

Shares of CPAY stock opened at $357.01 on Wednesday. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $385.30. The stock’s fifty day moving average price is $353.00 and its 200 day moving average price is $308.64. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $24.89 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24.

Insider Buying and Selling at Corpay

In other news, CAO Alissa B. Vickery sold 8,000 shares of the business’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 $664,961.88. The trade was a 81.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. This trade represents 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 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.