Ceera Investments LLC Buys 3,022 Shares of Corpay, Inc. (NYSE:CPAY)

Ceera Investments LLC increased its stake in shares of Corpay, Inc. (NYSE:CPAY) by 22.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,258 shares of the company’s stock after acquiring an additional 3,022 shares during the quarter. Corpay comprises approximately 1.9% of Ceera Investments LLC’s holdings, making the stock its 16th largest holding. Ceera Investments LLC’s holdings in Corpay were worth $5,085,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Natixis Advisors LLC increased its holdings in Corpay by 94.3% in the 3rd quarter. Natixis Advisors LLC now owns 27,453 shares of the company’s stock valued at $8,586,000 after buying an additional 13,322 shares during the period. Mizuho Securities USA LLC increased its holdings in Corpay by 728.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 44,889 shares of the company’s stock valued at $14,039,000 after buying an additional 39,468 shares during the period. Empirical Finance LLC increased its holdings in Corpay by 1.8% in the 3rd quarter. Empirical Finance LLC now owns 2,493 shares of the company’s stock valued at $780,000 after buying an additional 43 shares during the period. CIBC Asset Management Inc increased its holdings in Corpay by 7.3% in the 3rd quarter. CIBC Asset Management Inc now owns 10,196 shares of the company’s stock valued at $3,189,000 after buying an additional 691 shares during the period. Finally, Huntington National Bank increased its holdings in Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after buying an additional 40 shares during the period. Institutional investors own 98.84% of the company’s stock.

Insider Activity

In other news, Director Joseph W. Farrelly sold 2,975 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 10,530 shares of the company’s stock, valued at $3,950,645.40. This represents a 22.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.10% of the stock is currently owned by company insiders.

Corpay Stock Performance

Corpay stock opened at $363.36 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 1.69. Corpay, Inc. has a 1 year low of $230.68 and a 1 year high of $375.98. The company has a market cap of $25.33 billion, a PE ratio of 25.92, a PEG ratio of 1.42 and a beta of 1.21. The company’s 50-day moving average is $331.97 and its two-hundred day moving average is $298.75.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CPAY shares. Wolfe Research raised shares of Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. BMO Capital Markets boosted their target price on shares of Corpay from $350.00 to $390.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Raymond James reduced their target price on shares of Corpay from $330.00 to $311.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Corpay from $327.00 to $353.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $310.00 target price on shares of Corpay in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $363.93.

About Corpay

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.