Corpay, Inc. (NYSE:CPAY) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its stake in shares of Corpay, Inc. (NYSE:CPAY) by 49.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,689 shares of the company’s stock after selling 1,628 shares during the quarter. Atria Investments Inc’s holdings in Corpay were worth $528,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD acquired a new stake in Corpay during the 1st quarter valued at $1,355,377,000. Boston Partners acquired a new stake in shares of Corpay during the first quarter worth $553,667,000. Mawer Investment Management Ltd. boosted its holdings in shares of Corpay by 1.1% during the second quarter. Mawer Investment Management Ltd. now owns 1,177,297 shares of the company’s stock worth $313,644,000 after purchasing an additional 12,338 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Corpay by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 718,752 shares of the company’s stock worth $191,497,000 after purchasing an additional 70,408 shares during the last quarter. Finally, Third Point LLC acquired a new stake in shares of Corpay during the first quarter worth $200,551,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Up 1.0 %

Shares of NYSE CPAY opened at $368.16 on Wednesday. Corpay, Inc. has a 1 year low of $230.68 and a 1 year high of $375.98. The firm has a market cap of $25.66 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.42 and a beta of 1.21. 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 stock’s 50-day simple moving average is $334.29 and its 200-day simple moving average is $299.71.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised their price objective on Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley raised their price objective on Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Bank of America raised their price objective on Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company raised their price objective on Corpay from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods raised their price objective on Corpay from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $363.93.

Insider Transactions at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of the business’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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.10% of the company’s stock.

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.