Insider Selling: Corpay, Inc. (NYSE:CPAY) CAO Sells $2,960,320.00 in Stock

Corpay, Inc. (NYSE:CPAY) CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,797 shares in the company, valued at $664,961.88. The trade was a 81.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Corpay Trading Up 1.2 %

Shares of CPAY opened at $379.87 on Friday. The firm’s 50-day moving average is $338.38 and its two-hundred day moving average is $301.23. Corpay, Inc. has a twelve month low of $230.68 and a twelve month high of $380.00. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $26.48 billion, a P/E ratio of 27.09, a PEG ratio of 1.47 and a beta of 1.21.

Institutional Investors Weigh In On Corpay

A number of institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in Corpay during the first quarter worth $316,000. Blair William & Co. IL purchased a new position in shares of Corpay in the first quarter valued at $516,000. Covestor Ltd acquired a new position in shares of Corpay during the 1st quarter worth $65,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Corpay in the 1st quarter worth about $247,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Corpay in the 1st quarter valued at about $486,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CPAY. Wolfe Research raised shares of Corpay from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, September 3rd. Keefe, Bruyette & Woods raised their price target on Corpay from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Bank of America upped their price objective on Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. BMO Capital Markets lifted their target price on Corpay from $350.00 to $390.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped 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. Four research 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $363.93.

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.