Corpay, Inc. (NYSE:CPAY) Shares Sold by Atria Investments Inc

Atria Investments Inc reduced its stake in Corpay, Inc. (NYSE:CPAY) by 49.1% in the third quarter, HoldingsChannel.com reports. The fund owned 1,689 shares of the company’s stock after selling 1,628 shares during the quarter. Atria Investments Inc’s holdings in Corpay were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CPAY. Janney Montgomery Scott LLC acquired a new position in Corpay in the first quarter valued at approximately $316,000. Blair William & Co. IL acquired a new position in Corpay in the first quarter valued at approximately $516,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Corpay in the first quarter valued at approximately $12,069,000. Covestor Ltd acquired a new position in Corpay in the first quarter valued at approximately $65,000. Finally, Ameritas Investment Partners Inc. acquired a new position in Corpay in the first quarter valued at approximately $247,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Corpay

In other news, Director Joseph W. Farrelly sold 2,975 shares of the company’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 transaction, the director now directly owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.10% of the company’s stock.

Corpay Price Performance

Shares of NYSE:CPAY opened at $368.16 on Wednesday. The company’s fifty day moving average is $334.29 and its two-hundred day moving average is $299.71. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. Corpay, Inc. has a 12-month low of $230.68 and a 12-month high of $375.98. The company has a market cap of $25.66 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21.

Wall Street Analysts Forecast Growth

CPAY has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their price objective on Corpay from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wolfe Research upgraded Corpay from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, September 3rd. Citigroup boosted their price objective on Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley boosted their price objective on Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Raymond James reduced their price objective on Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $363.93.

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.