Corpay, Inc. (NYSE:CPAY) Shares Sold by UMB Bank n.a.

UMB Bank n.a. lowered its position in shares of Corpay, Inc. (NYSE:CPAY) by 94.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105 shares of the company’s stock after selling 1,758 shares during the quarter. UMB Bank n.a.’s holdings in Corpay were worth $36,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Corpay by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock valued at $1,653,659,000 after acquiring an additional 120,578 shares during the period. FMR LLC grew its position in shares of Corpay by 3.0% during the third quarter. FMR LLC now owns 2,692,847 shares of the company’s stock worth $842,215,000 after acquiring an additional 78,880 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Corpay by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,677,899 shares of the company’s stock worth $523,061,000 after acquiring an additional 23,275 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Corpay by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,477 shares of the company’s stock valued at $143,393,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in Corpay by 2.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 357,397 shares of the company’s stock worth $111,779,000 after purchasing an additional 8,378 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Corpay Price Performance

Shares of NYSE CPAY opened at $378.90 on Friday. The company has a market cap of $26.41 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 1.26 and a beta of 1.26. 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 business’s 50 day moving average price is $360.45 and its two-hundred day moving average price is $329.55. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $385.30.

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

Analyst Ratings Changes

Several research firms have recently issued reports on CPAY. Wells Fargo & Company increased their price target on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Bank of America increased their price objective on shares of Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group boosted their price objective on Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Citigroup initiated coverage on shares of Corpay in a report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target for the company. Finally, Wolfe Research upgraded shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price for the company in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Corpay presently has an average rating of “Moderate Buy” and a consensus target price of $381.43.

Insider Buying and Selling

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total value of $2,960,320.00. Following the completion of the sale, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,116,160.50. Following the transaction, the director now owns 10,530 shares of the company’s stock, valued at $3,950,645.40. This trade represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.

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.