Corpay, Inc (NYSE:CPAY – Get Free Report) CEO Ronald Clarke sold 94,374 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $415.77, for a total transaction of $39,237,877.98. Following the transaction, the chief executive officer directly owned 2,473,816 shares in the company, valued at approximately $1,028,538,478.32. This represents a 3.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Ronald Clarke also recently made the following trade(s):
- On Tuesday, August 25th, Ronald Clarke sold 119,486 shares of Corpay stock. The shares were sold at an average price of $412.40, for a total transaction of $49,276,026.40.
Corpay Stock Down 0.9%
Shares of NYSE CPAY opened at $403.29 on Friday. The stock has a market capitalization of $26.48 billion, a PE ratio of 24.55, a P/E/G ratio of 1.12 and a beta of 0.87. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70. The firm has a fifty day moving average of $379.14 and a 200-day moving average of $345.38. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $425.95.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Morgan Stanley set a $455.00 price objective on Corpay in a report on Friday, August 7th. Wall Street Zen downgraded shares of Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Raymond James Financial restated an “outperform” rating and issued a $442.00 price target on shares of Corpay in a report on Thursday, August 6th. Oppenheimer restated an “outperform” rating and issued a $388.00 price target on shares of Corpay in a report on Friday, May 8th. Finally, Cantor Fitzgerald lifted their price target on shares of Corpay from $415.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $430.31.
Read Our Latest Analysis on Corpay
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. MV Capital Management Inc. acquired a new position in shares of Corpay during the fourth quarter worth about $25,000. Leonteq Securities AG purchased a new stake in shares of Corpay in the fourth quarter worth about $27,000. Axiom Investment Management LLC acquired a new stake in shares of Corpay in the first quarter valued at about $27,000. BOKF NA grew its stake in shares of Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after buying an additional 94 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in shares of Corpay in the fourth quarter valued at about $29,000. 98.84% of the stock is owned by hedge funds and other institutional investors.
Corpay Company Profile
Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.
The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.
Corpay operates as part of the broader financial technology and payment processing sector.
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