Corpay, Inc. (NYSE:CPAY) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lessened its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 80.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 643 shares of the company’s stock after selling 2,654 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Corpay were worth $201,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Albion Financial Group UT purchased a new stake in shares of Corpay during the 3rd quarter valued at about $27,000. LGT Financial Advisors LLC purchased a new stake in shares of Corpay during the second quarter valued at approximately $33,000. Huntington National Bank raised its stake in shares of Corpay by 43.0% during the third quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after purchasing an additional 40 shares during the period. Innealta Capital LLC acquired a new position in shares of Corpay during the second quarter worth $36,000. Finally, Blue Trust Inc. boosted its stake in shares of Corpay by 246.2% in the second quarter. Blue Trust Inc. now owns 135 shares of the company’s stock valued at $36,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Stock Performance

Shares of CPAY stock opened at $379.87 on Friday. The company has a market cap of $26.48 billion, a P/E ratio of 27.09, a PEG ratio of 1.47 and a beta of 1.21. The business has a 50 day moving average of $338.38 and a two-hundred day moving average of $301.23. Corpay, Inc. has a 52 week low of $230.68 and a 52 week high of $380.00. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. William Blair upgraded Corpay to a “strong-buy” rating in a research note on Thursday, August 8th. Jefferies Financial Group raised 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. Barclays upped their target price on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Finally, Raymond James decreased their price target on shares of Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $363.93.

Insider Buying and Selling

In related news, CAO Alissa B. Vickery sold 8,000 shares of Corpay 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph W. Farrelly sold 2,975 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the completion of the transaction, the director now owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. This trade represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Corpay 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.