Corpay, Inc. (NYSE:CPAY) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its position in Corpay, Inc. (NYSE:CPAY) by 14.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,578 shares of the company’s stock after selling 257 shares during the quarter. Greenleaf Trust’s holdings in Corpay were worth $534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPAY. Swedbank AB lifted its stake in shares of Corpay by 46.3% in the third quarter. Swedbank AB now owns 186,117 shares of the company’s stock worth $58,210,000 after acquiring an additional 58,900 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Corpay by 66.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock worth $1,842,000 after purchasing an additional 2,355 shares during the last quarter. Retireful LLC acquired a new position in shares of Corpay in the 3rd quarter valued at approximately $702,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Corpay during the 3rd quarter valued at approximately $527,000. Finally, Banco Santander S.A. acquired a new stake in shares of Corpay during the third quarter worth approximately $668,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay Stock Down 0.0 %

Corpay stock opened at $379.58 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. Corpay, Inc. has a one year low of $247.10 and a one year high of $391.10. The company has a 50-day simple moving average of $361.43 and a 200-day simple moving average of $334.21. The firm has a market capitalization of $26.46 billion, a P/E ratio of 27.07, a P/E/G ratio of 1.30 and a beta of 1.28.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, November 7th. The company reported $4.72 EPS for the quarter, topping the consensus estimate of $4.67 by $0.05. Corpay had a net margin of 26.14% and a return on equity of 39.44%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm earned $4.20 EPS. As a group, equities analysts expect that Corpay, Inc. will post 17.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CPAY shares. Keefe, Bruyette & Woods cut their price target on shares of Corpay from $425.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company upped their target price on shares of Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Barclays boosted their price objective on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, October 28th. BMO Capital Markets upped their price objective on Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Bank of America lifted their target price on Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $381.43.

Insider Buying and Selling

In other news, Director Joseph W. Farrelly sold 2,975 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 directly owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 1,797 shares in the company, valued at $664,961.88. This represents a 81.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

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.