Quantinno Capital Management LP Increases Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Quantinno Capital Management LP boosted its position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 62.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,045 shares of the company's stock after acquiring an additional 5,795 shares during the quarter. Quantinno Capital Management LP's holdings in Corpay were worth $5,092,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mufg Securities Americas Inc. purchased a new stake in shares of Corpay during the 4th quarter valued at about $348,000. Man Group plc boosted its holdings in shares of Corpay by 658.1% in the fourth quarter. Man Group plc now owns 20,326 shares of the company's stock worth $6,879,000 after buying an additional 17,645 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Corpay during the fourth quarter valued at approximately $778,000. NorthRock Partners LLC bought a new stake in Corpay during the fourth quarter valued at approximately $261,000. Finally, Nuveen Asset Management LLC increased its holdings in Corpay by 31.2% during the fourth quarter. Nuveen Asset Management LLC now owns 252,428 shares of the company's stock valued at $85,427,000 after buying an additional 59,971 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CPAY shares. Royal Bank of Canada upped their price target on Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Morgan Stanley boosted their price objective on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods upped their price objective on Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. UBS Group cut their target price on Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Oppenheimer assumed coverage on Corpay in a report on Monday, April 28th. They issued a "market perform" rating on the stock. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $395.07.

Corpay Price Performance

Shares of CPAY traded down $2.77 during mid-day trading on Friday, hitting $323.36. 73,044 shares of the stock were exchanged, compared to its average volume of 477,698. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The company has a market cap of $22.79 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81. The firm has a 50-day moving average of $328.10 and a two-hundred day moving average of $350.38.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, beating the consensus estimate of $4.50 by $0.01. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned $4.10 earnings per share. Corpay's quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current year.

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.