Corpay, Inc. (NYSE:CPAY) is Factorial Partners LLC’s 9th Largest Position

Factorial Partners LLC lifted its stake in shares of Corpay, Inc. (NYSE:CPAY) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,100 shares of the company’s stock after buying an additional 900 shares during the period. Corpay comprises about 2.9% of Factorial Partners LLC’s holdings, making the stock its 9th largest position. Factorial Partners LLC’s holdings in Corpay were worth $5,035,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CPAY. Price T Rowe Associates Inc. MD bought a new stake in shares of Corpay in the 1st quarter worth $1,355,377,000. Boston Partners bought a new position in shares of Corpay in the first quarter valued at approximately $553,667,000. Third Point LLC purchased a new stake in shares of Corpay during the first quarter valued at approximately $200,551,000. American Century Companies Inc. lifted its holdings in Corpay by 1,734.1% during the second quarter. American Century Companies Inc. now owns 400,662 shares of the company’s stock worth $106,740,000 after acquiring an additional 378,817 shares during the period. Finally, Capital International Investors bought a new stake in Corpay during the first quarter worth $115,998,000. Institutional investors own 98.84% of the company’s stock.

Insider Activity

In related news, Director Joseph W. Farrelly sold 2,975 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the sale, the director now owns 10,530 shares of the company’s stock, valued at $3,950,645.40. This trade represents a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.10% of the company’s stock.

Corpay Price Performance

CPAY stock opened at $368.16 on Wednesday. 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 firm has a market cap of $25.66 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.42 and a beta of 1.21. The firm’s fifty day moving average is $334.29 and its 200 day moving average is $299.71. Corpay, Inc. has a 52 week low of $230.68 and a 52 week high of $375.98.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Wolfe Research upgraded Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd. William Blair raised Corpay to a “strong-buy” rating in a research report on Thursday, August 8th. Jefferies Financial Group upped their price target on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $310.00 price objective on shares of Corpay in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $363.93.

About Corpay

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.