Empowered Funds LLC lessened its holdings in Corpay, Inc. (NYSE:CPAY – Free Report) by 78.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,130 shares of the company’s stock after selling 4,127 shares during the period. Empowered Funds LLC’s holdings in Corpay were worth $353,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. O Shaughnessy Asset Management LLC purchased a new stake in Corpay in the first quarter valued at $486,000. Advisors Asset Management Inc. purchased a new position in Corpay in the first quarter valued at about $71,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Corpay during the 1st quarter valued at approximately $2,371,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Corpay during the 1st quarter worth approximately $11,525,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of Corpay in the 1st quarter worth approximately $479,000. Institutional investors and hedge funds own 98.84% of the company’s stock.
Insider Transactions at Corpay
In related news, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph W. Farrelly sold 2,975 shares of the company’s stock in a transaction on 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 completion of the sale, the director now owns 10,530 shares in the company, valued at $3,950,645.40. This trade represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.
Corpay Trading Up 0.4 %
Analysts Set New Price Targets
A number of equities analysts have weighed in on CPAY shares. William Blair raised shares of Corpay to a “strong-buy” rating in a research note on Thursday, August 8th. Jefferies Financial Group boosted their price target on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Wolfe Research raised shares of Corpay from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $363.93.
Check Out Our Latest Stock Report on CPAY
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.
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