Quantbot Technologies LP Makes New Investment in Corpay, Inc. (NYSE:CPAY)

Quantbot Technologies LP acquired a new stake in shares of Corpay, Inc. (NYSE:CPAY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,185 shares of the company’s stock, valued at approximately $1,309,000.

A number of other institutional investors also recently modified their holdings of the company. Albion Financial Group UT acquired a new stake in shares of Corpay in the 3rd quarter worth about $27,000. LGT Financial Advisors LLC bought a new stake in Corpay during the 2nd quarter worth approximately $33,000. Blue Trust Inc. raised its stake in shares of Corpay by 246.2% in the second quarter. Blue Trust Inc. now owns 135 shares of the company’s stock worth $36,000 after purchasing an additional 96 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Corpay in the second quarter valued at approximately $36,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Corpay during the second quarter valued at approximately $40,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Trading Up 0.1 %

Shares of CPAY opened at $381.18 on Friday. Corpay, Inc. has a fifty-two week low of $236.15 and a fifty-two week high of $385.30. The business has a 50-day moving average of $345.66 and a 200 day moving average of $304.48. The firm has a market cap of $26.57 billion, a P/E ratio of 27.19, a price-to-earnings-growth 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.

Insider Transactions at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of the business’s stock in a transaction on 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of the firm’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 transaction, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. This represents a 81.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley raised their price objective on Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Citigroup raised their price target on shares of Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Keefe, Bruyette & Woods upped their price objective on shares of Corpay from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Jefferies Financial Group lifted 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. Finally, BMO Capital Markets upped their target price on Corpay from $350.00 to $390.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.