Corpay, Inc $CPAY Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC increased its holdings in Corpay, Inc (NYSE:CPAY) by 77.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 37,869 shares of the corporate payments company’s stock after acquiring an additional 16,586 shares during the period. Moran Wealth Management LLC’s holdings in Corpay were worth $11,020,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MV Capital Management Inc. acquired a new position in shares of Corpay in the 4th quarter valued at $25,000. Leonteq Securities AG acquired a new stake in shares of Corpay during the 4th quarter worth about $27,000. BOKF NA increased its position in shares of Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock worth $28,000 after purchasing an additional 94 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Corpay during the 4th quarter worth about $29,000. Finally, DV Equities LLC purchased a new stake in Corpay in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Down 0.1%

Shares of CPAY opened at $352.24 on Friday. The company’s 50-day simple moving average is $345.80 and its 200-day simple moving average is $327.38. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $367.43. The stock has a market capitalization of $23.02 billion, a PE ratio of 21.08, a P/E/G ratio of 0.96 and a beta of 0.88.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The business had revenue of $5.63 million during the quarter. 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 70,476 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the sale, the insider owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. This represents a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the sale, the director directly owned 28,241 shares in the company, valued at $10,188,787.98. This represents a 3.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 88,677 shares of company stock valued at $31,304,091 in the last three months. 5.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Wolfe Research reiterated an “outperform” rating and set a $450.00 price target on shares of Corpay in a research report on Wednesday, June 3rd. Morgan Stanley reissued an “overweight” rating and issued a $400.00 price target on shares of Corpay in a research note on Sunday, May 10th. Oppenheimer restated an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. Finally, Loop Capital assumed coverage on shares of Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 price objective for the company. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Corpay has a consensus rating of “Moderate Buy” and a consensus price target of $383.07.

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.