Eurizon Capital SGR S.p.A. bought a new position in shares of Corpay, Inc. (NYSE:CPAY – Free Report) during the fourth quarter, HoldingsChannel reports. The firm bought 6,235 shares of the company’s stock, valued at approximately $1,878,000.
Other institutional investors have also added to or reduced their stakes in the company. Hendershot Investments Inc. grew its position in Corpay by 37.5% during the third quarter. Hendershot Investments Inc. now owns 51,779 shares of the company’s stock worth $14,915,000 after buying an additional 14,128 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Corpay by 5.6% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 138,858 shares of the company’s stock worth $39,999,000 after buying an additional 7,397 shares in the last quarter. Vanguard Group Inc. grew its position in Corpay by 0.7% during the third quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock worth $2,357,100,000 after buying an additional 58,235 shares in the last quarter. Citigroup Inc. grew its position in Corpay by 35.2% during the third quarter. Citigroup Inc. now owns 86,004 shares of the company’s stock worth $24,774,000 after buying an additional 22,401 shares in the last quarter. Finally, Tredje AP fonden boosted its holdings in Corpay by 54.0% during the third quarter. Tredje AP fonden now owns 8,877 shares of the company’s stock valued at $2,557,000 after purchasing an additional 3,112 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CPAY has been the topic of a number of recent research reports. Raymond James Financial reaffirmed an “outperform” rating and set a $361.00 price objective on shares of Corpay in a report on Thursday, March 5th. JPMorgan Chase & Co. lifted their price objective on Corpay from $350.00 to $390.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. UBS Group lifted their price objective on Corpay from $315.00 to $380.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Loop Capital initiated coverage on Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 price objective on the stock. Finally, Cantor Fitzgerald lifted their price objective on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $377.92.
Corpay Stock Down 1.1%
NYSE CPAY opened at $359.99 on Wednesday. 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 stock’s 50 day moving average is $319.90 and its two-hundred day moving average is $316.40. The company has a market capitalization of $23.53 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.00 and a beta of 0.86. Corpay, Inc. has a 1-year low of $252.84 and a 1-year high of $367.43.
Corpay (NYSE:CPAY – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.50 by $0.30. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Corpay had a return on equity of 38.68% and a net margin of 24.60%.Corpay’s revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.51 EPS. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. Equities analysts forecast that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.
Insider Activity at Corpay
In other news, insider Armando Lins Netto sold 14,089 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $356.05, for a total value of $5,016,388.45. Following the transaction, the insider directly owned 18,528 shares of the company’s stock, valued at $6,596,894.40. The trade was a 43.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 17,201 shares of company stock valued at $6,126,597. 5.19% of the stock is owned by insiders.
Corpay Company Profile
Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.
Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.
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