Janus Henderson Group PLC Grows Stake in Corpay, Inc. (NYSE:CPAY)

Janus Henderson Group PLC lifted its stake in Corpay, Inc. (NYSE:CPAY) by 14.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,861 shares of the company’s stock after buying an additional 1,014 shares during the quarter. Janus Henderson Group PLC’s holdings in Corpay were worth $2,460,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. HighTower Advisors LLC grew its holdings in shares of Corpay by 1.0% in the third quarter. HighTower Advisors LLC now owns 22,983 shares of the company’s stock valued at $7,179,000 after purchasing an additional 217 shares in the last quarter. Hilltop Holdings Inc. bought a new position in Corpay during the third quarter valued at $206,000. Holocene Advisors LP purchased a new position in shares of Corpay in the 3rd quarter worth $3,494,000. Centiva Capital LP bought a new position in shares of Corpay in the 3rd quarter valued at about $334,000. Finally, Paloma Partners Management Co purchased a new position in Corpay in the third quarter worth about $1,284,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CPAY shares. BMO Capital Markets lifted their target price on Corpay from $350.00 to $390.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Jefferies Financial Group boosted their price objective on shares of Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods raised their target price on shares of Corpay from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday. Morgan Stanley increased their price objective on shares of Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their target price on Corpay from $327.00 to $353.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $365.71.

Insider Buying and Selling at Corpay

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were 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 trade represents a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the business’s stock in a transaction on 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 in the company, valued at $3,950,645.40. This trade represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

Corpay Price Performance

Shares of CPAY stock opened at $361.31 on Friday. The company has a market cap of $25.19 billion, a P/E ratio of 25.77, a PEG ratio of 1.43 and a beta of 1.24. 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 stock’s 50-day moving average is $355.66 and its 200 day moving average is $310.01. Corpay, Inc. has a 1-year low of $247.10 and a 1-year 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.