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

Greenleaf Trust trimmed its position in shares of Corpay, Inc. (NYSE:CPAY) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Corpay by 16.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,027 shares of the company’s stock worth $274,000 after buying an additional 148 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Corpay during the second quarter worth about $515,000. Park Avenue Securities LLC purchased a new stake in shares of Corpay in the third quarter valued at about $454,000. Handelsbanken Fonder AB grew its position in shares of Corpay by 6.6% in the third quarter. Handelsbanken Fonder AB now owns 19,993 shares of the company’s stock valued at $6,253,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Czech National Bank increased its stake in shares of Corpay by 5.6% during the 3rd quarter. Czech National Bank now owns 14,144 shares of the company’s stock worth $4,424,000 after purchasing an additional 753 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CPAY shares. Citigroup began coverage on Corpay in a research note on Tuesday, January 14th. They issued a “buy” rating and a $430.00 target price on the stock. Barclays upped their price objective on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Jefferies Financial Group increased their price objective on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley boosted their target price on shares of Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Corpay from $425.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $381.43.

Insider Transactions at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of the company’s 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Alissa B. Vickery sold 8,000 shares of the firm’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 completion of the transaction, the chief accounting officer now directly owns 1,797 shares in the company, valued at $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Corpay Stock Down 0.0 %

Shares of NYSE CPAY opened at $379.58 on Wednesday. The stock has a market capitalization of $26.46 billion, a PE ratio of 27.07, a P/E/G ratio of 1.30 and a beta of 1.28. 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 firm has a fifty day moving average of $361.43 and a 200-day moving average of $334.21. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $391.10.

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

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.