Corpay, Inc. (NYSE:CPAY) Stake Lessened by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC decreased its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 8.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,093 shares of the company’s stock after selling 21,179 shares during the quarter. Corpay accounts for approximately 1.1% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 23rd biggest position. Thompson Siegel & Walmsley LLC’s holdings in Corpay were worth $76,655,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Corpay by 22.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company’s stock valued at $58,000 after purchasing an additional 34 shares in the last quarter. Mather Group LLC. raised its holdings in Corpay by 21.2% during the third quarter. Mather Group LLC. now owns 200 shares of the company’s stock valued at $63,000 after buying an additional 35 shares in the last quarter. Epic Trust Investment Advisors LLC lifted its position in shares of Corpay by 4.1% in the second quarter. Epic Trust Investment Advisors LLC now owns 998 shares of the company’s stock worth $266,000 after buying an additional 39 shares during the last quarter. Huntington National Bank boosted its stake in shares of Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after acquiring an additional 40 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Corpay by 21.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the company’s stock valued at $64,000 after acquiring an additional 43 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Stock Up 0.3 %

CPAY stock opened at $369.24 on Thursday. Corpay, Inc. has a twelve month low of $230.68 and a twelve month high of $375.98. The company has a market cap of $25.74 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.44 and a beta of 1.21. 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 business has a 50 day moving average price of $335.54 and a two-hundred day moving average price of $300.20.

Analyst Ratings Changes

CPAY has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on shares of Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their price objective on Corpay from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Barclays raised their target price on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, October 28th. William Blair upgraded shares of Corpay to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Company upped their target price 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. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and a consensus price target of $363.93.

Insider Activity at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of Corpay 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 approximately $3,950,645.40. This trade represents a 22.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.10% of the stock is 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.