Alissa B. Vickery Sells 8,000 Shares of Corpay, Inc. (NYSE:CPAY) Stock

Corpay, Inc. (NYSE:CPAY) CAO Alissa B. Vickery sold 8,000 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer now owns 1,797 shares in the company, valued at $664,961.88. This represents a 81.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Corpay Stock Performance

NYSE CPAY opened at $379.87 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05. Corpay, Inc. has a 1-year low of $230.68 and a 1-year high of $380.00. The firm has a market capitalization of $26.48 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.47 and a beta of 1.21. The business’s 50-day simple moving average is $338.38 and its 200-day simple moving average is $301.23.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. William Blair upgraded shares of Corpay to a “strong-buy” rating in a report on Thursday, August 8th. Barclays raised their target price on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Bank of America boosted their price target on Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group raised their price objective on Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Citigroup upped their target price on Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $363.93.

Institutional Investors Weigh In On Corpay

Institutional investors have recently bought and sold shares of the business. EP Wealth Advisors LLC acquired a new position in shares of Corpay during the 1st quarter valued at $949,000. Swedbank AB lifted its stake in shares of Corpay by 26.9% during the second quarter. Swedbank AB now owns 127,217 shares of the company’s stock worth $33,892,000 after purchasing an additional 27,000 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Corpay in the first quarter worth about $10,171,000. Lazard Asset Management LLC acquired a new stake in shares of Corpay in the first quarter valued at about $80,102,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Corpay during the 1st quarter valued at about $2,827,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.