Corpay, Inc. (NYSE:CPAY) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its stake in Corpay, Inc. (NYSE:CPAY) by 88.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,636 shares of the company’s stock after selling 28,420 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Corpay were worth $1,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CPAY. American Century Companies Inc. lifted its holdings in Corpay by 1,734.1% in the 2nd quarter. American Century Companies Inc. now owns 400,662 shares of the company’s stock valued at $106,740,000 after acquiring an additional 378,817 shares during the last quarter. TD Asset Management Inc acquired a new stake in Corpay in the 2nd quarter valued at about $41,475,000. International Assets Investment Management LLC acquired a new stake in Corpay in the 3rd quarter valued at about $40,497,000. Prana Capital Management LP acquired a new stake in Corpay in the 3rd quarter valued at about $31,541,000. Finally, FMR LLC lifted its holdings in Corpay by 3.0% in the 3rd quarter. FMR LLC now owns 2,692,847 shares of the company’s stock valued at $842,215,000 after acquiring an additional 78,880 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Alissa B. Vickery sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total value of $2,960,320.00. Following the transaction, the chief accounting officer now owns 1,797 shares in the company, valued at approximately $664,961.88. This represents a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the transaction, the director now owns 10,530 shares in the company, valued at $3,950,645.40. This represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CPAY. Wolfe Research raised shares of Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. Wells Fargo & Company upped their price objective on shares of Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Morgan Stanley upped their price objective on shares of Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Citigroup upped their price objective on shares of Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, BMO Capital Markets upped their price objective on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $369.29.

Corpay Price Performance

Shares of CPAY opened at $357.07 on Friday. The company has a market capitalization of $24.89 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 1.43 and a beta of 1.24. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $385.30. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50-day moving average is $356.18 and its 200-day moving average is $310.97.

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.