Maven Securities LTD Boosts Stock Position in Corpay, Inc. (NYSE:CPAY)

Maven Securities LTD grew its stake in shares of Corpay, Inc. (NYSE:CPAY) by 70.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,250 shares of the company’s stock after buying an additional 1,750 shares during the period. Maven Securities LTD’s holdings in Corpay were worth $1,329,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Albion Financial Group UT purchased a new stake in shares of Corpay during the 3rd quarter valued at about $27,000. LGT Financial Advisors LLC purchased a new position in shares of Corpay during the second quarter worth approximately $33,000. Blue Trust Inc. increased its holdings in Corpay by 246.2% during the second quarter. Blue Trust Inc. now owns 135 shares of the company’s stock valued at $36,000 after buying an additional 96 shares during the period. Innealta Capital LLC purchased a new position in Corpay in the second quarter worth $36,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in Corpay in the second quarter worth $40,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay Stock Down 1.0 %

Shares of NYSE CPAY opened at $370.84 on Thursday. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $385.30. The stock has a market cap of $25.85 billion, a PE ratio of 26.45, a P/E/G ratio of 1.50 and a beta of 1.24. 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 company has a 50-day moving average of $349.72 and a 200 day moving average of $306.48.

Insider Activity at Corpay

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed 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 transaction of $1,116,160.50. Following the completion of the transaction, the director now owns 10,530 shares in the company, valued at $3,950,645.40. The trade was 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CPAY. Raymond James cut their price target on shares of Corpay from $330.00 to $311.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Barclays lifted their price objective on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Bank of America lifted their price objective on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley lifted their price objective on shares of Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Citigroup lifted their price objective on shares of Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Four research 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 data from MarketBeat.com, the stock presently has an average 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.