Quantinno Capital Management LP Grows Holdings in Corpay, Inc $CPAY

Quantinno Capital Management LP raised its position in shares of Corpay, Inc (NYSE:CPAY) by 38.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 66,161 shares of the corporate payments company’s stock after purchasing an additional 18,422 shares during the period. Quantinno Capital Management LP’s holdings in Corpay were worth $19,252,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Corpay by 168,603.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the corporate payments company’s stock valued at $448,282,000 after purchasing an additional 1,488,772 shares during the period. M&T Bank Corp boosted its holdings in Corpay by 4,657.7% in the 4th quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock worth $314,193,000 after buying an additional 1,022,129 shares during the period. Norges Bank bought a new position in Corpay in the 4th quarter worth $266,190,000. Orbis Allan Gray Ltd increased its stake in Corpay by 20.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock worth $1,501,029,000 after buying an additional 859,854 shares in the last quarter. Finally, Spruce House Investment Management LLC increased its stake in Corpay by 95.3% in the 4th quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company’s stock worth $249,772,000 after buying an additional 405,000 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Corpay news, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction on Monday, June 15th. The shares were sold at an average price of $352.13, for a total value of $24,816,713.88. Following the completion of the transaction, the insider directly owned 11,274 shares of the company’s stock, valued at $3,969,913.62. This trade represents a 86.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total transaction of $360,780.00. Following the completion of the sale, the director owned 28,241 shares in the company, valued at approximately $10,188,787.98. This trade represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 88,677 shares of company stock valued at $31,304,091 over the last three months. Corporate insiders own 5.19% of the company’s stock.

Corpay Price Performance

NYSE:CPAY opened at $383.56 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $25.07 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.04 and a beta of 0.88. Corpay, Inc has a 12 month low of $252.84 and a 12 month high of $395.49. The business’s 50-day moving average is $353.70 and its 200 day moving average is $336.42.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. The firm had revenue of $5.63 million for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. On average, equities research analysts forecast that Corpay, Inc will post 25.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a research report on Friday, May 8th. Wolfe Research reissued an “outperform” rating and set a $450.00 target price on shares of Corpay in a research note on Wednesday, June 3rd. Loop Capital started coverage on Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Corpay in a report on Friday, July 24th. Finally, Morgan Stanley upped their price target on Corpay from $400.00 to $415.00 and gave the stock an “overweight” rating in a research note on Tuesday. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Corpay has a consensus rating of “Moderate Buy” and an average price target of $383.69.

Corpay Company Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.