Retireful LLC Purchases Shares of 2,243 Corpay, Inc. (NYSE:CPAY)

Retireful LLC acquired a new position in Corpay, Inc. (NYSE:CPAY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,243 shares of the company’s stock, valued at approximately $702,000.

Several other institutional investors have also recently modified their holdings of CPAY. Janney Montgomery Scott LLC purchased a new stake in shares of Corpay in the 1st quarter valued at $316,000. Blair William & Co. IL purchased a new position in shares of Corpay in the first quarter worth about $516,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Corpay in the first quarter worth about $12,069,000. Covestor Ltd bought a new stake in shares of Corpay in the 1st quarter valued at about $65,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Corpay during the 1st quarter valued at about $247,000. 98.84% of the stock is currently owned by institutional investors.

Corpay Stock Up 1.0 %

Shares of NYSE:CPAY opened at $368.16 on Wednesday. The firm has a market capitalization of $25.66 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.42 and a beta of 1.21. 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 stock has a 50 day moving average price of $334.29 and a 200-day moving average price of $299.71. Corpay, Inc. has a 52-week low of $230.68 and a 52-week high of $375.98.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wells Fargo & Company lifted their price target on Corpay from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $310.00 price target on shares of Corpay in a report on Thursday, August 8th. Citigroup raised their price target on shares of Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Barclays upped their price objective on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, Bank of America raised their target price on Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Corpay presently has an average rating of “Moderate Buy” and an average target price of $363.93.

Insider Buying and Selling

In other Corpay news, Director Joseph W. Farrelly sold 2,975 shares of the company’s stock in a transaction dated 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 sale, the director now owns 10,530 shares in the company, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is owned by insiders.

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.