Brokerages Set Corpay, Inc. (NYSE:CPAY) PT at $363.93

Corpay, Inc. (NYSE:CPAY) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $363.93.

CPAY has been the topic of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $310.00 price target on shares of Corpay in a report on Thursday, August 8th. William Blair raised shares of Corpay to a “strong-buy” rating in a research note on Thursday, August 8th. Wolfe Research upgraded Corpay from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, September 3rd. Morgan Stanley increased their target price on Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Finally, Bank of America boosted their target price on Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th.

Insider Transactions at Corpay

In other news, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction dated 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 transaction, the director now directly owns 10,530 shares in the company, valued at $3,950,645.40. This represents a 22.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 owns 1,797 shares of the company’s stock, valued at $664,961.88. The trade was a 81.66 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CPAY. O Shaughnessy Asset Management LLC bought a new position in shares of Corpay in the first quarter valued at $486,000. Bessemer Group Inc. bought a new position in shares of Corpay in the 1st quarter valued at about $352,000. Advisors Asset Management Inc. acquired a new position in shares of Corpay during the 1st quarter worth about $71,000. Kentucky Retirement Systems bought a new stake in shares of Corpay in the 1st quarter valued at about $1,692,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Corpay in the 1st quarter valued at about $735,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Trading Down 0.4 %

Shares of NYSE CPAY opened at $380.60 on Monday. Corpay has a 1-year low of $231.30 and a 1-year high of $385.30. The company has a 50-day moving average of $342.82 and a two-hundred day moving average of $303.14. The company has a market cap of $26.53 billion, a PE ratio of 27.15, a P/E/G ratio of 1.49 and a beta of 1.21. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69.

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.