Corpay, Inc. (NYSE:CPAY) Stock Position Cut by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC trimmed its stake in shares of Corpay, Inc. (NYSE:CPAY) by 80.5% during the third quarter, Holdings Channel reports. The institutional investor owned 643 shares of the company’s stock after selling 2,654 shares during the period. OneDigital Investment Advisors LLC’s holdings in Corpay were worth $201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Albion Financial Group UT acquired a new position in shares of Corpay during the third quarter valued at approximately $27,000. LGT Financial Advisors LLC bought a new position in Corpay during the 2nd quarter valued at $33,000. Huntington National Bank increased its position in shares of Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after purchasing an additional 40 shares during the period. Innealta Capital LLC acquired a new stake in shares of Corpay in the second quarter valued at $36,000. Finally, Blue Trust Inc. boosted its stake in Corpay by 246.2% during the second quarter. Blue Trust Inc. now owns 135 shares of the company’s stock valued at $36,000 after buying an additional 96 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insider Transactions at Corpay

In other Corpay news, Director Joseph W. Farrelly sold 2,975 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total value of $1,116,160.50. Following the transaction, the director now directly owns 10,530 shares of the company’s stock, valued at $3,950,645.40. This represents a 22.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction dated 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 sale, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This represents a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. William Blair raised shares of Corpay to a “strong-buy” rating in a report on Thursday, August 8th. Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. Citigroup upped their price target on Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Wells Fargo & Company raised their price objective on Corpay from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group lifted their target price on Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Four research 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 company’s stock. According to MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $363.93.

Corpay Trading Up 1.2 %

Shares of NYSE CPAY opened at $379.87 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69. Corpay, Inc. has a one year low of $230.68 and a one year high of $380.00. The business has a 50-day moving average price of $338.38 and a two-hundred day moving average price of $301.23. The firm has a market capitalization of $26.48 billion, a PE ratio of 27.09, a PEG ratio of 1.47 and a beta of 1.21.

Corpay 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.