Brooklyn Investment Group Purchases Shares of 152 Corpay, Inc. (NYSE:CPAY)

Brooklyn Investment Group purchased a new stake in Corpay, Inc. (NYSE:CPAY) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 152 shares of the company’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPAY. Albion Financial Group UT bought a new position in shares of Corpay in the 3rd quarter valued at about $27,000. LGT Financial Advisors LLC bought a new position in shares of Corpay in the 2nd quarter valued at about $33,000. Blue Trust Inc. grew its holdings in shares of 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 shares of Corpay in the 2nd quarter valued at about $36,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Corpay in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Trading Up 0.1 %

Shares of CPAY stock opened at $381.18 on Friday. The firm has a 50 day moving average price of $345.66 and a two-hundred day moving average price of $304.33. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $26.57 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.49 and a beta of 1.21. Corpay, Inc. has a 12-month low of $236.15 and a 12-month high of $385.30.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CPAY shares. Morgan Stanley raised their price objective on Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Raymond James reduced their price target on Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Citigroup lifted their price target on Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lifted their price target on Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Bank of America lifted their price target on Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $363.93.

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.