Corpay, Inc. (NYSE:CPAY) CAO Sells $2,903,100.00 in Stock

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

Corpay Stock Down 1.1 %

CPAY traded down $2.83 on Friday, hitting $266.41. The company’s stock had a trading volume of 918,922 shares, compared to its average volume of 479,151. The stock’s 50 day simple moving average is $276.65. The stock has a market cap of $18.72 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.04 and a beta of 1.21. Corpay, Inc. has a 12 month low of $220.39 and a 12 month high of $319.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.48.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, May 8th. The company reported $3.84 EPS for the quarter, topping 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 net margin of 26.29% and a return on equity of 36.97%. Equities analysts predict that Corpay, Inc. will post 17.83 earnings per share for the current fiscal year.

Institutional Trading of Corpay

Institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in Corpay in the 1st quarter worth approximately $25,000. Headlands Technologies LLC purchased a new stake in Corpay in the 1st quarter worth approximately $31,000. Sunbelt Securities Inc. purchased a new stake in Corpay in the 1st quarter worth approximately $34,000. RFP Financial Group LLC purchased a new stake in Corpay in the 1st quarter worth approximately $35,000. Finally, Hollencrest Capital Management purchased a new stake in Corpay in the 1st quarter worth approximately $46,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on CPAY. BMO Capital Markets lowered their target price on shares of Corpay from $360.00 to $350.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Wells Fargo & Company started coverage on shares of Corpay in a research report on Wednesday, June 5th. They issued an “equal weight” rating and a $285.00 price objective for the company. Evercore ISI reduced their price objective on shares of Corpay from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday. Wolfe Research downgraded 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. Finally, Robert W. Baird upped their price objective on shares of Corpay from $355.00 to $376.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.20.

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.