152 Shares in Corpay, Inc. (NYSE:CPAY) Acquired by Brooklyn Investment Group

Brooklyn Investment Group purchased a new position in shares of Corpay, Inc. (NYSE:CPAY) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 152 shares of the company’s stock, valued at approximately $48,000.

Other large investors have also bought and sold shares of the company. Albion Financial Group UT bought a new stake in Corpay during the 3rd quarter worth approximately $27,000. LGT Financial Advisors LLC bought a new position in Corpay in the 2nd quarter valued at $33,000. Huntington National Bank boosted its position in Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after buying an additional 40 shares during the last quarter. Innealta Capital LLC bought a new position in Corpay in the 2nd quarter valued at $36,000. Finally, Blue Trust Inc. boosted its position in Corpay by 246.2% in the 2nd quarter. Blue Trust Inc. now owns 135 shares of the company’s stock valued at $36,000 after buying an additional 96 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction dated 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. This trade represents a 81.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 completion of the sale, 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 disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on CPAY. Raymond James decreased their price objective on Corpay from $330.00 to $311.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Bank of America increased their price objective on Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Citigroup increased their price objective on Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Wells Fargo & Company increased their price objective on Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, William Blair raised Corpay to a “strong-buy” rating in a research note on Thursday, August 8th. Four equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $363.93.

Corpay Stock Performance

Shares of Corpay stock opened at $381.18 on Friday. The company has a market capitalization of $26.57 billion, a PE ratio of 27.19, a PEG ratio of 1.49 and a beta of 1.21. Corpay, Inc. has a 12 month low of $236.15 and a 12 month high of $385.30. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69. The stock’s fifty day simple moving average is $345.66 and its 200 day simple moving average is $304.33.

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.