Corpay, Inc. (NYSE:CPAY) Stock Position Increased by Ceera Investments LLC

Ceera Investments LLC boosted its position in Corpay, Inc. (NYSE:CPAY) by 22.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,258 shares of the company’s stock after purchasing an additional 3,022 shares during the quarter. Corpay comprises 1.9% of Ceera Investments LLC’s holdings, making the stock its 16th biggest position. Ceera Investments LLC’s holdings in Corpay were worth $5,085,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Albion Financial Group UT acquired a new position in Corpay during the 3rd quarter valued at about $27,000. Headlands Technologies LLC acquired a new position in Corpay during the 1st quarter valued at about $31,000. LGT Financial Advisors LLC acquired a new position in Corpay during the 2nd quarter valued at about $33,000. Huntington National Bank increased its stake in 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 buying an additional 40 shares during the period. Finally, Innealta Capital LLC acquired a new position in Corpay during the 2nd quarter valued at about $36,000. 98.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Corpay

In other news, Director Joseph W. Farrelly sold 2,975 shares of the business’s stock in a transaction on 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 approximately $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CPAY shares. Bank of America lifted their price objective on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Citigroup lifted their price objective on shares of Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley lifted their price objective on shares of Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Wolfe Research raised shares of Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets lifted their price objective on shares of Corpay from $350.00 to $390.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $363.93.

Corpay Price Performance

NYSE CPAY opened at $363.36 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $25.33 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. The company has a 50 day moving average price of $331.97 and a two-hundred day moving average price of $298.75. Corpay, Inc. has a 12-month low of $230.68 and a 12-month high of $375.98.

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.