Brooklyn Investment Group Has $74,000 Position in Corpay, Inc. (NYSE:CPAY)

Brooklyn Investment Group boosted its position in shares of Corpay, Inc. (NYSE:CPAY) by 43.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 218 shares of the company’s stock after buying an additional 66 shares during the quarter. Brooklyn Investment Group’s holdings in Corpay were worth $74,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Corpay during the third quarter valued at $40,497,000. JPMorgan Chase & Co. lifted its position in Corpay by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock valued at $1,653,659,000 after purchasing an additional 120,578 shares during the period. Prana Capital Management LP bought a new position in shares of Corpay in the 3rd quarter valued at about $31,541,000. FMR LLC grew its position in shares of Corpay by 3.0% during the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company’s stock worth $842,215,000 after buying an additional 78,880 shares during the period. Finally, Stanley Capital Management LLC bought a new stake in shares of Corpay during the second quarter worth approximately $18,593,000. 98.84% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Alissa B. Vickery sold 8,000 shares of the 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 owns 1,797 shares in the company, valued at approximately $664,961.88. This represents a 81.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction on 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 sale, 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. Corporate insiders own 6.10% of the company’s stock.

Corpay Trading Up 0.2 %

CPAY opened at $370.91 on Monday. The firm’s fifty day simple moving average is $359.95 and its 200 day simple moving average is $326.26. The stock has a market capitalization of $25.86 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.17 and a beta of 1.26. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $385.30.

Wall Street Analyst Weigh In

CPAY has been the subject of a number of analyst reports. Barclays lifted their target price on shares of Corpay from $385.00 to $415.00 and gave the stock 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 report on Friday, December 13th. Jefferies Financial Group raised their target price on Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley upped their price target on Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Finally, 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. Three 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $381.43.

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.