Corpay, Inc. (NYSE:CPAY) Director Sells $910,683.21 in Stock

Corpay, Inc. (NYSE:CPAY) Director Richard Macchia sold 2,427 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $375.23, for a total value of $910,683.21. Following the completion of the transaction, the director now owns 12,215 shares in the company, valued at $4,583,434.45. This represents a 16.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Corpay Stock Performance

NYSE CPAY opened at $367.50 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The company’s fifty day moving average is $361.34 and its two-hundred day moving average is $338.04. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81. The firm has a market capitalization of $25.62 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 1.33 and a beta of 1.28.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. Equities research analysts forecast that Corpay, Inc. will post 20.62 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Huntington National Bank boosted its position in shares of Corpay by 94.7% during the 4th quarter. Huntington National Bank now owns 259 shares of the company’s stock valued at $88,000 after acquiring an additional 126 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Corpay in the 4th quarter worth approximately $749,000. Geode Capital Management LLC lifted its position in shares of Corpay by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 1,732,793 shares of the company’s stock worth $584,962,000 after buying an additional 54,894 shares during the period. National Bank of Canada FI boosted its stake in Corpay by 11,038.9% in the 4th quarter. National Bank of Canada FI now owns 32,637 shares of the company’s stock valued at $11,045,000 after buying an additional 32,344 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Corpay by 25.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,900 shares of the company’s stock valued at $981,000 after acquiring an additional 593 shares during the period. 98.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CPAY has been the topic of several analyst reports. BMO Capital Markets increased their price target on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Wells Fargo & Company increased their target price on shares of Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Barclays boosted their price target on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Morgan Stanley increased their price objective on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Raymond James reduced their target price on Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Corpay currently has an average rating of “Moderate Buy” and an average price target of $399.71.

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.