Unique Wealth LLC Makes New Investment in Corpay, Inc. (NYSE:CPAY)

Unique Wealth LLC acquired a new position in shares of Corpay, Inc. (NYSE:CPAYFree Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 906 shares of the company’s stock, valued at approximately $307,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CPAY. Albion Financial Group UT purchased a new stake in Corpay in the third quarter worth about $27,000. Versant Capital Management Inc lifted its stake in Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 60 shares during the period. Huntington National Bank lifted its stake in Corpay by 43.0% in the third quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after acquiring an additional 40 shares during the period. Quarry LP purchased a new stake in Corpay in the third quarter worth about $42,000. Finally, Continuum Advisory LLC raised its holdings in Corpay by 47.9% in the third quarter. Continuum Advisory LLC now owns 142 shares of the company’s stock worth $44,000 after purchasing an additional 46 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Corpay

In related news, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the completion of the sale, the chief accounting officer now directly owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This trade represents a 81.66 % decrease in their position. The sale was disclosed in a document filed 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 dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CPAY shares. BMO Capital Markets boosted their target price on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Jefferies Financial Group boosted their target price on shares of Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods reduced their target price on shares of Corpay from $425.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Wells Fargo & Company upped their price objective on shares of Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Bank of America upped their price objective on shares of Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a report 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 stock. According to MarketBeat.com, Corpay presently has a consensus rating of “Moderate Buy” and an average price target of $377.50.

Get Our Latest Stock Analysis on Corpay

Corpay Stock Up 1.3 %

NYSE CPAY opened at $352.90 on Tuesday. The business has a fifty day moving average price of $358.56 and a 200 day moving average price of $323.91. Corpay, Inc. has a one year low of $247.10 and a one year high of $385.30. 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 company has a market cap of $24.60 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.40 and a beta of 1.26.

Corpay Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Corpay (NYSE:CPAY)

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