Corpay, Inc. (NYSE:CPAY) Shares Purchased by First Hawaiian Bank

First Hawaiian Bank grew its stake in shares of Corpay, Inc. (NYSE:CPAY) by 202.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,601 shares of the company’s stock after acquiring an additional 4,417 shares during the quarter. First Hawaiian Bank’s holdings in Corpay were worth $2,234,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CPAY. Albion Financial Group UT acquired a new position in Corpay during the third quarter worth approximately $27,000. Versant Capital Management Inc grew its stake in shares of Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 60 shares during the period. Huntington National Bank grew its stake 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 buying an additional 40 shares during the period. Quarry LP acquired a new stake in shares of Corpay during the 3rd quarter worth $42,000. Finally, Continuum Advisory LLC raised its position in shares of Corpay by 47.9% in the 3rd quarter. Continuum Advisory LLC now owns 142 shares of the company’s stock worth $44,000 after buying an additional 46 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Corpay

In other Corpay news, 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 sale, the director now owns 10,530 shares in the company, valued at $3,950,645.40. This represents a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction that occurred on 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 approximately $664,961.88. The trade was a 81.66 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wolfe Research raised Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target for the company in a research report on Wednesday. Wells Fargo & Company increased their target price on shares of Corpay from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. BMO Capital Markets lifted their price target on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Citigroup increased their price objective on shares of Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Corpay from $425.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $377.50.

Corpay Trading Up 2.9 %

Shares of CPAY opened at $357.74 on Thursday. Corpay, Inc. has a one year low of $247.10 and a one year high of $385.30. The stock has a 50-day moving average price of $357.15 and a 200 day moving average price of $321.78. 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 company has a market capitalization of $24.94 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.40 and a beta of 1.24.

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.