Apollon Wealth Management LLC Acquires 57 Shares of Corpay, Inc. (NYSE:CPAY)

Apollon Wealth Management LLC lifted its holdings in Corpay, Inc. (NYSE:CPAY) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,385 shares of the company’s stock after acquiring an additional 57 shares during the period. Apollon Wealth Management LLC’s holdings in Corpay were worth $433,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CPAY. Janney Montgomery Scott LLC bought a new stake in Corpay in the first quarter worth about $316,000. Empowered Funds LLC bought a new stake in Corpay in the first quarter worth about $292,000. US Bancorp DE bought a new stake in Corpay in the first quarter worth about $1,068,000. Avantax Advisory Services Inc. bought a new stake in shares of Corpay during the first quarter valued at approximately $426,000. Finally, Bleakley Financial Group LLC bought a new stake in shares of Corpay during the first quarter valued at approximately $211,000. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CPAY has been the subject of several research analyst reports. Raymond James decreased their price target on shares of Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Corpay from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price objective on shares of Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price objective on shares of Corpay from $327.00 to $353.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Citigroup lifted their price objective on shares of Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a report on Thursday. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $363.93.

Insider Transactions at Corpay

In other news, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction 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 directly owns 10,530 shares in the company, valued at approximately $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.10% of the company’s stock.

Corpay Trading Down 1.9 %

NYSE:CPAY opened at $363.36 on Monday. Corpay, Inc. has a 12 month low of $230.68 and a 12 month high of $375.98. The firm has a fifty day simple moving average of $331.97 and a 200-day simple moving average of $298.77. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $25.33 billion, a P/E ratio of 25.92, a PEG ratio of 1.42 and a beta of 1.21.

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.