Pathstone Holdings LLC Has $1.72 Million Stock Position in Corpay, Inc. (NYSE:CPAY)

Pathstone Holdings LLC boosted its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,487 shares of the company’s stock after purchasing an additional 206 shares during the period. Pathstone Holdings LLC’s holdings in Corpay were worth $1,716,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CPAY. Boston Partners bought a new position in shares of Corpay in the 1st quarter valued at $553,667,000. American Century Companies Inc. boosted its stake in shares of Corpay by 1,734.1% during the second quarter. American Century Companies Inc. now owns 400,662 shares of the company’s stock valued at $106,740,000 after purchasing an additional 378,817 shares in the last quarter. TD Asset Management Inc acquired a new stake in shares of Corpay during the second quarter valued at about $41,475,000. Assenagon Asset Management S.A. acquired a new position in shares of Corpay in the second quarter valued at approximately $35,655,000. Finally, International Assets Investment Management LLC bought a new position in Corpay in the 3rd quarter valued at approximately $40,497,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling

In related news, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 1,797 shares of the company’s stock, valued at $664,961.88. The trade was a 81.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 approximately $3,950,645.40. The trade was a 22.03 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

Corpay Price Performance

Corpay stock opened at $380.60 on Thursday. The stock’s 50 day moving average price is $342.82 and its two-hundred day moving average price is $303.14. The stock has a market capitalization of $26.53 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 1.49 and a beta of 1.21. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. Corpay, Inc. has a 52-week low of $231.30 and a 52-week high of $385.30.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Bank of America boosted their target price on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group boosted their price objective on shares of Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods raised their target price on Corpay from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Barclays upped their price target on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Finally, Citigroup increased their price target on Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Corpay has an average rating of “Moderate Buy” and a consensus target price of $363.93.

Corpay 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.