Quantinno Capital Management LP Has $2.89 Million Holdings in Corpay, Inc. (NYSE:CPAY)

Quantinno Capital Management LP increased its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 23.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,250 shares of the company's stock after buying an additional 1,777 shares during the quarter. Quantinno Capital Management LP's holdings in Corpay were worth $2,893,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Albion Financial Group UT bought a new position in shares of Corpay during the third quarter worth about $27,000. LGT Financial Advisors LLC bought a new position in Corpay in the 2nd quarter worth about $33,000. Blue Trust Inc. raised its holdings in shares of Corpay by 246.2% during the second quarter. Blue Trust Inc. now owns 135 shares of the company's stock valued at $36,000 after buying an additional 96 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Corpay during the second quarter worth approximately $36,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Corpay during the second quarter worth approximately $40,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPAY has been the topic of several recent analyst reports. Bank of America lifted their target price on Corpay from $344.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Morgan Stanley increased their price objective on shares of Corpay from $325.00 to $350.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Barclays raised their price objective on shares of Corpay from $385.00 to $415.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. Citigroup upped their target price on Corpay from $405.00 to $430.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group lifted their price target on Corpay from $375.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Corpay presently has an average rating of "Moderate Buy" and a consensus price target of $365.71.

Corpay Trading Down 0.7 %

Shares of CPAY traded down $2.52 during midday trading on Tuesday, hitting $359.20. The stock had a trading volume of 247,927 shares, compared to its average volume of 471,505. The business has a 50-day simple moving average of $353.00 and a two-hundred day simple moving average of $308.64. The firm has a market cap of $25.04 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $385.30.

Insider Buying and Selling

In other news, Director Joseph W. Farrelly sold 2,975 shares of the business's 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 transaction, the director now directly owns 10,530 shares in the company, valued at $3,950,645.40. The trade was a 22.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total value of $2,960,320.00. Following the sale, the chief accounting officer now directly owns 1,797 shares of the company's stock, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.10% of the company's stock.

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.