Corpay, Inc. (NYSE:CPAY – Get Free Report) insider Armando Lins Netto sold 418 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $355.08, for a total value of $148,423.44. Following the completion of the sale, the insider directly owned 32,617 shares of the company’s stock, valued at approximately $11,581,644.36. The trade was a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Armando Lins Netto also recently made the following trade(s):
- On Friday, May 29th, Armando Lins Netto sold 2,694 shares of Corpay stock. The stock was sold at an average price of $357.01, for a total transaction of $961,784.94.
- On Thursday, May 28th, Armando Lins Netto sold 14,089 shares of Corpay stock. The stock was sold at an average price of $356.05, for a total transaction of $5,016,388.45.
Corpay Stock Performance
NYSE CPAY opened at $362.35 on Monday. The firm has a market capitalization of $23.68 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 0.99 and a beta of 0.86. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. The firm’s fifty day moving average price is $318.29 and its two-hundred day moving average price is $315.88. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $364.24.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Royal Bank Of Canada upped their price objective on Corpay from $344.00 to $363.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Loop Capital started coverage on Corpay in a research report on Monday, May 18th. They issued a “buy” rating and a $406.00 price objective for the company. Robert W. Baird cut their price objective on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a research report on Friday, May 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 price objective on shares of Corpay in a research report on Sunday, May 10th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $377.92.
Read Our Latest Stock Analysis on CPAY
Institutional Trading of Corpay
A number of hedge funds have recently made changes to their positions in CPAY. MV Capital Management Inc. acquired a new stake in shares of Corpay in the fourth quarter valued at approximately $25,000. Leonteq Securities AG acquired a new stake in shares of Corpay in the fourth quarter valued at approximately $27,000. Axiom Investment Management LLC acquired a new stake in shares of Corpay in the first quarter valued at approximately $27,000. BOKF NA lifted its holdings in Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the company’s stock worth $28,000 after purchasing an additional 94 shares during the last quarter. Finally, Torren Management LLC acquired a new stake in Corpay during the 4th quarter worth approximately $29,000. 98.84% of the stock is owned by institutional investors and hedge funds.
Corpay Company Profile
Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.
Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.
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