Apollon Wealth Management LLC increased its stake in Corpay, Inc. (NYSE:CPAY – Free Report) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,385 shares of the company’s stock after buying an additional 57 shares during the period. Apollon Wealth Management LLC’s holdings in Corpay were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Albion Financial Group UT purchased a new stake in shares of Corpay in the 3rd quarter worth approximately $27,000. LGT Financial Advisors LLC bought a new position in Corpay in the 2nd quarter valued at approximately $33,000. Blue Trust Inc. lifted its position in Corpay by 246.2% in the 2nd quarter. Blue Trust Inc. now owns 135 shares of the company’s stock valued at $36,000 after acquiring an additional 96 shares in the last quarter. Innealta Capital LLC bought a new position in Corpay in the 2nd quarter valued at approximately $36,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Corpay in the 2nd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Wall Street Analyst Weigh In
CPAY has been the topic of several analyst reports. Raymond James lowered their price objective on Corpay from $330.00 to $311.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on Corpay from $327.00 to $353.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. William Blair raised Corpay to a “strong-buy” rating in a report on Thursday, August 8th. Wolfe Research raised Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. Finally, Citigroup increased their price target on Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a report on Thursday. Four investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $363.93.
Corpay Trading Down 1.9 %
Shares of CPAY stock opened at $363.36 on Monday. Corpay, Inc. has a 52-week low of $230.68 and a 52-week high of $375.98. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.02 and a current ratio of 1.05. The firm has a market capitalization of $25.33 billion, a PE ratio of 25.92, a PEG ratio of 1.42 and a beta of 1.21. The stock has a fifty day simple moving average of $331.97 and a two-hundred day simple moving average of $298.77.
Insiders Place Their Bets
In other news, Director Joseph W. Farrelly sold 2,975 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total transaction 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 trade represents a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.10% of the stock is currently owned by company insiders.
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.
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