Alissa B. Vickery Sells 10,000 Shares of Corpay, Inc. (NYSE:CPAY) Stock

Corpay, Inc. (NYSE:CPAY) CAO Alissa B. Vickery sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $290.31, for a total value of $2,903,100.00. Following the completion of the sale, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at $521,687.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Corpay Trading Down 1.1 %

Shares of NYSE CPAY opened at $266.41 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $18.72 billion, a PE ratio of 19.82, a PEG ratio of 1.03 and a beta of 1.21. Corpay, Inc. has a twelve month low of $220.39 and a twelve month high of $319.94. The company has a fifty day moving average price of $276.09.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, May 8th. The company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.04. The company had revenue of $935.25 million during the quarter, compared to the consensus estimate of $936.25 million. Corpay had a return on equity of 36.97% and a net margin of 26.29%. On average, equities analysts predict that Corpay, Inc. will post 17.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

CPAY has been the subject of several analyst reports. Barclays dropped their target price on Corpay from $355.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, May 13th. Wolfe Research cut shares of Corpay from a “peer perform” rating to an “underperform” rating and set a $295.00 price objective for the company. in a research report on Friday, May 17th. Evercore ISI decreased their target price on shares of Corpay from $350.00 to $345.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Robert W. Baird raised their price target on shares of Corpay from $355.00 to $376.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $310.00 price target on shares of Corpay in a research report on Friday, June 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.20.

Institutional Investors Weigh In On Corpay

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new position in Corpay in the 1st quarter valued at approximately $2,431,089,000. JPMorgan Chase & Co. purchased a new position in Corpay in the first quarter valued at $1,429,445,000. Price T Rowe Associates Inc. MD acquired a new position in Corpay during the 1st quarter worth $1,355,377,000. Boston Partners purchased a new stake in Corpay during the 1st quarter worth about $553,667,000. Finally, Sustainable Growth Advisers LP purchased a new stake in Corpay during the 1st quarter worth about $553,279,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.