Corpay, Inc (NYSE:CPAY – Get Free Report) CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the sale, the chief executive officer owned 2,354,330 shares of the company’s stock, valued at approximately $970,925,692. This trade represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Ronald Clarke also recently made the following trade(s):
- On Monday, August 24th, Ronald Clarke sold 94,374 shares of Corpay stock. The stock was sold at an average price of $415.77, for a total value of $39,237,877.98.
Corpay Trading Down 0.2%
Shares of CPAY stock traded down $0.62 during trading hours on Tuesday, hitting $413.30. 580,908 shares of the company were exchanged, compared to its average volume of 569,083. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $425.95. The firm has a fifty day moving average of $374.98 and a 200 day moving average of $343.91. The firm has a market cap of $27.14 billion, a PE ratio of 25.15, a PEG ratio of 1.14 and a beta of 0.87. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70.
Institutional Trading of Corpay
Institutional investors have recently modified their holdings of the business. MV Capital Management Inc. acquired a new stake in shares of Corpay in the fourth quarter valued at about $25,000. Leonteq Securities AG acquired a new stake in Corpay during the 4th quarter valued at approximately $27,000. Axiom Investment Management LLC acquired a new position in shares of Corpay in the 1st quarter worth approximately $27,000. BOKF NA boosted its stake in shares of Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after purchasing an additional 94 shares during the last quarter. Finally, Torren Management LLC acquired a new stake in shares of Corpay during the fourth quarter worth $29,000. Institutional investors own 98.84% of the company’s stock.
Analysts Set New Price Targets
CPAY has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their target price on Corpay from $400.00 to $470.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Wall Street Zen cut Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corpay in a research report on Friday, July 24th. JPMorgan Chase & Co. lifted their price objective on Corpay from $400.00 to $470.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, Loop Capital initiated coverage on Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 price target on the stock. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and an average target price of $430.31.
View Our Latest Stock Analysis on Corpay
About Corpay
Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.
The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.
Corpay operates as part of the broader financial technology and payment processing sector.
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