Barclays PLC Cuts Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Barclays PLC reduced its stake in Corpay, Inc. (NYSE:CPAY) by 20.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,302 shares of the company’s stock after selling 52,594 shares during the period. Barclays PLC owned approximately 0.29% of Corpay worth $63,897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPAY. Continuum Advisory LLC raised its position in Corpay by 47.9% in the 3rd quarter. Continuum Advisory LLC now owns 142 shares of the company’s stock valued at $44,000 after purchasing an additional 46 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Corpay by 1.1% in the third quarter. Public Employees Retirement System of Ohio now owns 26,675 shares of the company’s stock valued at $8,343,000 after acquiring an additional 291 shares in the last quarter. Main Management ETF Advisors LLC acquired a new stake in Corpay in the third quarter valued at approximately $971,000. Hendershot Investments Inc. lifted its stake in Corpay by 8.1% in the third quarter. Hendershot Investments Inc. now owns 32,240 shares of the company’s stock worth $10,083,000 after acquiring an additional 2,422 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Corpay by 23.8% during the 3rd quarter. Quantinno Capital Management LP now owns 9,250 shares of the company’s stock worth $2,893,000 after acquiring an additional 1,777 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay Trading Up 2.2 %

NYSE CPAY opened at $364.93 on Thursday. The firm’s fifty day moving average is $353.84 and its two-hundred day moving average is $309.27. Corpay, Inc. has a one year low of $247.10 and a one year high of $385.30. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $25.44 billion, a PE ratio of 25.46, a P/E/G ratio of 1.43 and a beta of 1.24.

Wall Street Analyst Weigh In

CPAY has been the topic of a number of analyst reports. Barclays raised their price objective on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, October 28th. BMO Capital Markets lifted their price target on Corpay from $350.00 to $390.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Citigroup increased their price objective on Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. boosted their target price on Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group increased their price target on shares of Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $365.71.

Insider Buying and Selling

In other news, CAO Alissa B. Vickery sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the completion of the sale, the chief accounting officer now owns 1,797 shares in the company, valued at $664,961.88. This represents a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the completion of the transaction, the director now owns 10,530 shares in the company, valued at approximately $3,950,645.40. This trade represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

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.