Graphene Investments SAS Lowers Stock Holdings in Corpay, Inc $CPAY

Graphene Investments SAS lessened its stake in shares of Corpay, Inc (NYSE:CPAY) by 13.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,500 shares of the corporate payments company’s stock after selling 1,500 shares during the quarter. Graphene Investments SAS’s holdings in Corpay were worth $2,764,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CPAY. Wealthfront Advisers LLC increased its stake in Corpay by 3.7% in the 1st quarter. Wealthfront Advisers LLC now owns 3,931 shares of the corporate payments company’s stock valued at $1,144,000 after buying an additional 139 shares during the period. D.A. Davidson & CO. increased its stake in shares of Corpay by 19.1% during the first quarter. D.A. Davidson & CO. now owns 29,758 shares of the corporate payments company’s stock worth $8,659,000 after acquiring an additional 4,768 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Corpay by 43.3% during the first quarter. Sanctuary Advisors LLC now owns 2,123 shares of the corporate payments company’s stock worth $618,000 after acquiring an additional 641 shares during the period. Checchi Capital Advisers LLC purchased a new position in Corpay during the first quarter worth about $226,000. Finally, Principal Financial Group Inc. lifted its position in Corpay by 3.2% in the first quarter. Principal Financial Group Inc. now owns 81,142 shares of the corporate payments company’s stock valued at $23,612,000 after purchasing an additional 2,491 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Loop Capital initiated coverage on Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 target price on the stock. Robert W. Baird dropped their price objective on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Oppenheimer reiterated an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $450.00 price target on shares of Corpay in a research note on Wednesday, June 3rd. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $382.54.

Insider Transactions at Corpay

In related news, insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $352.13, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is currently owned by company insiders.

Corpay Stock Performance

Shares of CPAY stock opened at $372.21 on Friday. The stock has a fifty day moving average price of $349.08 and a 200 day moving average price of $331.71. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $24.33 billion, a PE ratio of 22.27, a P/E/G ratio of 0.99 and a beta of 0.88. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $373.91.

Corpay (NYSE:CPAY) last announced 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 during the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. Sell-side analysts forecast that Corpay, Inc will post 25.49 earnings per share for the current fiscal year.

About Corpay

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.