Wilmington Savings Fund Society FSB Makes New $364,000 Investment in Corpay, Inc. (NYSE:CPAY)

Wilmington Savings Fund Society FSB acquired a new stake in Corpay, Inc. (NYSE:CPAY) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,163 shares of the company’s stock, valued at approximately $364,000.

Several other hedge funds have also recently modified their holdings of the company. Albion Financial Group UT purchased a new stake in shares of Corpay during the third quarter valued at approximately $27,000. LGT Financial Advisors LLC purchased a new stake in shares of Corpay during the 2nd quarter valued at $33,000. Blue Trust Inc. raised its stake in shares of Corpay by 246.2% during the 2nd quarter. Blue Trust Inc. now owns 135 shares of the company’s stock worth $36,000 after purchasing an additional 96 shares during the period. Innealta Capital LLC purchased a new position in shares of Corpay in the 2nd quarter worth about $36,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Corpay during the second quarter valued at about $40,000. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling

In other news, Director Joseph W. Farrelly sold 2,975 shares of the firm’s stock in a transaction on 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 sale, the director now owns 10,530 shares in the company, valued at approximately $3,950,645.40. This trade represents a 22.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Alissa B. Vickery sold 8,000 shares of the 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 transaction, the chief accounting officer now directly owns 1,797 shares in the company, valued at approximately $664,961.88. This represents a 81.66 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by company insiders.

Corpay Price Performance

Shares of NYSE CPAY opened at $357.56 on Tuesday. The stock’s 50-day simple moving average is $356.67 and its two-hundred day simple moving average is $311.94. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $385.30. The firm has a market capitalization of $24.93 billion, a P/E ratio of 25.50, a P/E/G ratio of 1.43 and a beta of 1.24. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69.

Analyst Ratings Changes

CPAY has been the topic of a number of research analyst reports. Citigroup boosted their target price on shares of Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Morgan Stanley boosted their target price on Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Bank of America increased their price target on Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Barclays upped their price objective on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Finally, Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Corpay currently has an average rating of “Moderate Buy” and an average price target of $369.29.

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.