4,185 Shares in Corpay, Inc. (NYSE:CPAY) Bought by Quantbot Technologies LP

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Albion Financial Group UT acquired a new position in Corpay during the third quarter valued at approximately $27,000. LGT Financial Advisors LLC bought a new position in shares of Corpay in the 2nd quarter valued at $33,000. Huntington National Bank raised its holdings in shares of Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after buying an additional 40 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Corpay during the 2nd quarter worth $36,000. Finally, Blue Trust Inc. boosted its stake in Corpay by 246.2% in 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 in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Up 0.1 %

Corpay stock opened at $381.18 on Friday. The firm has a market cap of $26.57 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.49 and a beta of 1.21. Corpay, Inc. has a 52-week low of $236.15 and a 52-week high of $385.30. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a 50 day moving average price of $345.66 and a two-hundred day moving average price of $304.48.

Analyst Upgrades and Downgrades

CPAY has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their target price on Corpay from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Citigroup raised their target price 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. Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. Barclays raised their price objective on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Finally, William Blair raised Corpay to a “strong-buy” rating in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $363.93.

Insider Transactions at Corpay

In related news, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the completion of the sale, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the transaction, the director now directly owns 10,530 shares in the company, valued at approximately $3,950,645.40. This trade represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.

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.