Sanctuary Advisors LLC Sells 443 Shares of Corpay, Inc. (NYSE:CPAY)

Sanctuary Advisors LLC decreased its position in shares of Corpay, Inc. (NYSE:CPAY) by 22.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,491 shares of the company’s stock after selling 443 shares during the quarter. Sanctuary Advisors LLC’s holdings in Corpay were worth $466,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CPAY. TCW Group Inc. raised its stake in Corpay by 6.3% during the 3rd quarter. TCW Group Inc. now owns 18,692 shares of the company’s stock worth $5,846,000 after buying an additional 1,113 shares during the period. Geode Capital Management LLC raised its position in shares of Corpay by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,677,899 shares of the company’s stock worth $523,061,000 after purchasing an additional 23,275 shares during the period. Vestcor Inc lifted its holdings in shares of Corpay by 239.5% during the 3rd quarter. Vestcor Inc now owns 7,088 shares of the company’s stock valued at $2,217,000 after purchasing an additional 5,000 shares in the last quarter. Continuum Advisory LLC grew its position in shares of Corpay by 47.9% in the 3rd quarter. Continuum Advisory LLC now owns 142 shares of the company’s stock valued at $44,000 after purchasing an additional 46 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in Corpay by 1.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 26,675 shares of the company’s stock worth $8,343,000 after purchasing an additional 291 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of Corpay 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 sale, the director now owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. The trade was a 22.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Alissa B. Vickery sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now owns 1,797 shares in the company, valued at approximately $664,961.88. This trade represents a 81.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

CPAY has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. BMO Capital Markets increased their target price on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Wells Fargo & Company upped their price objective on Corpay from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Wolfe Research raised Corpay from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, September 3rd. Finally, Barclays raised their price target on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $369.29.

Corpay Trading Down 0.3 %

Shares of NYSE:CPAY opened at $345.28 on Friday. Corpay, Inc. has a 52-week low of $247.10 and a 52-week 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 capitalization of $24.07 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The company has a 50-day simple moving average of $357.31 and a 200 day simple moving average of $315.88.

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.