Corpay, Inc. (NYSE:CPAY) Shares Purchased by Fiduciary Trust Co

Fiduciary Trust Co increased its position in shares of Corpay, Inc. (NYSE:CPAY) by 46.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,472 shares of the company’s stock after buying an additional 470 shares during the quarter. Fiduciary Trust Co’s holdings in Corpay were worth $460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Corpay by 3.0% during the third 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. Mawer Investment Management Ltd. raised its stake in Corpay by 1.1% during the 2nd quarter. Mawer Investment Management Ltd. now owns 1,177,297 shares of the company’s stock valued at $313,644,000 after acquiring an additional 12,338 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Corpay by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 718,752 shares of the company’s stock worth $191,497,000 after acquiring an additional 70,408 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Corpay by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 458,477 shares of the company’s stock valued at $143,393,000 after purchasing an additional 1,749 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of 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 purchasing an additional 378,817 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Trading Up 0.1 %

Shares of CPAY stock opened at $381.18 on Friday. Corpay, Inc. has a fifty-two week low of $236.15 and a fifty-two week high of $385.30. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The business has a fifty day simple moving average of $345.66 and a 200-day simple moving average of $304.48. The stock has a market cap of $26.57 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.49 and a beta of 1.21.

Insider Buying and Selling at Corpay

In related news, CAO Alissa B. Vickery sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total value of $2,960,320.00. Following the sale, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This represents a 81.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the director now directly owns 10,530 shares of the company’s stock, valued at $3,950,645.40. The trade was a 22.03 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CPAY. Barclays lifted their price objective on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd. Keefe, Bruyette & Woods lifted their price objective on Corpay from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, November 8th. BMO Capital Markets boosted their target price on Corpay from $350.00 to $390.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Citigroup raised their price target on Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a report 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. According to MarketBeat.com, Corpay presently has an average rating of “Moderate Buy” and an average target price 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.