Quantbot Technologies LP Has $3.57 Million Stake in Corpay, Inc. (NYSE:CPAY)

Quantbot Technologies LP grew its position in shares of Corpay, Inc. (NYSE:CPAY) by 152.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,546 shares of the company’s stock after purchasing an additional 6,361 shares during the quarter. Quantbot Technologies LP’s holdings in Corpay were worth $3,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. TD Private Client Wealth LLC lifted its stake in Corpay by 17.0% during the 4th quarter. TD Private Client Wealth LLC now owns 2,438 shares of the company’s stock valued at $825,000 after acquiring an additional 354 shares in the last quarter. HUB Investment Partners LLC boosted its stake in Corpay by 83.6% in the fourth quarter. HUB Investment Partners LLC now owns 1,652 shares of the company’s stock worth $559,000 after buying an additional 752 shares in the last quarter. iA Global Asset Management Inc. increased its stake in Corpay by 14.8% in the 4th quarter. iA Global Asset Management Inc. now owns 3,190 shares of the company’s stock worth $1,080,000 after purchasing an additional 412 shares during the period. Wilkins Investment Counsel Inc. lifted its holdings in Corpay by 3.8% in the 4th quarter. Wilkins Investment Counsel Inc. now owns 27,345 shares of the company’s stock worth $9,254,000 after buying an additional 1,005 shares during the period. Finally, Magnetar Financial LLC bought a new stake in Corpay during the 4th quarter valued at approximately $5,603,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Trading Down 1.6 %

Shares of NYSE CPAY opened at $347.12 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The stock’s 50 day simple moving average is $364.50 and its 200 day simple moving average is $349.92. The company has a market cap of $24.38 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. Equities research analysts expect that Corpay, Inc. will post 19.76 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on CPAY shares. Morgan Stanley lifted their target price on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Citigroup initiated coverage on shares of Corpay in a research note on Tuesday, January 14th. They set a “buy” rating and a $430.00 price objective for the company. Raymond James reduced their price objective on Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets boosted their price objective on Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.71.

Insider Activity

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the completion of the sale, the director now directly owns 12,215 shares of the company’s stock, valued at approximately $4,583,434.45. The trade was a 16.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.10% of the company’s stock.

Corpay Company 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.