Mirae Asset Global Investments Co. Ltd. Acquires New Stake in Corpay, Inc $CPAY

Mirae Asset Global Investments Co. Ltd. bought a new stake in Corpay, Inc (NYSE:CPAY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,627 shares of the corporate payments company’s stock, valued at approximately $6,461,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Aviance Capital Partners LLC increased its holdings in Corpay by 2.2% during the 3rd quarter. Aviance Capital Partners LLC now owns 15,171 shares of the corporate payments company’s stock valued at $5,895,000 after purchasing an additional 321 shares in the last quarter. Profund Advisors LLC bought a new position in Corpay in the 3rd quarter valued at $238,000. ProShare Advisors LLC boosted its stake in Corpay by 3.0% in the third quarter. ProShare Advisors LLC now owns 14,862 shares of the corporate payments company’s stock worth $5,775,000 after purchasing an additional 433 shares in the last quarter. MGO One Seven LLC acquired a new position in Corpay in the third quarter worth $868,000. Finally, State of Wyoming boosted its stake in Corpay by 16.3% in the third quarter. State of Wyoming now owns 3,508 shares of the corporate payments company’s stock worth $1,363,000 after purchasing an additional 491 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Trading Up 7.0%

NYSE:CPAY opened at $447.76 on Friday. Corpay, Inc has a 1-year low of $259.05 and a 1-year high of $479.53. The business’s 50-day moving average price is $404.00 and its two-hundred day moving average price is $359.49. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $29.40 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.15 and a beta of 0.94.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share for the quarter, topping analysts’ consensus estimates of $7.20 by $0.34. Corpay had a net margin of 23.73% and a return on equity of 45.84%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm posted $5.70 earnings per share. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, equities analysts expect that Corpay, Inc will post 25.81 earnings per share for the current year.

Insider Transactions at Corpay

In related news, CEO Ronald Clarke sold 119,486 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the completion of the transaction, the chief executive officer directly owned 2,354,330 shares in the company, valued at approximately $970,925,692. The trade was a 4.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven T. Stull sold 2,357 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $413.62, for a total value of $974,902.34. Following the sale, the director directly owned 21,241 shares of the company’s stock, valued at approximately $8,785,702.42. The trade was a 9.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 220,860 shares of company stock worth $91,395,514. 5.19% of the stock is currently owned by insiders.

Key Corpay News

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Corpay reported Q3 adjusted EPS of $7.54, above the roughly $7.20 consensus, while revenue rose 17.9% year over year to $1.38 billion and also beat estimates. The company cited strength in Corporate Payments. Corpay Q3 earnings beat estimates and revenue increased 18%
• Positive Sentiment: Management raised its 2026 outlook, forecasting revenue of $5.34 billion to $5.36 billion, above the $5.32 billion analyst estimate. Corpay also projected 9%–11% organic revenue growth in 2027 and plans to deploy about $2 billion in free cash flow. Corpay 2027 growth outlook and capital plans
• Positive Sentiment: Analysts raised price targets after the report: JPMorgan lifted its target to $500 and kept an overweight rating; Keefe, Bruyette & Woods raised its target to $525 with an outperform rating; and Scotiabank raised its target to $539 with a sector-outperform rating. JPMorgan analyst recommendations
• Neutral Sentiment: UBS raised its price target to $465 but maintained a neutral rating, signaling a more cautious view than several other analysts. UBS analyst recommendations

Analyst Ratings Changes

Several analysts have recently commented on the company. Wolfe Research increased their target price on Corpay from $475.00 to $530.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Wall Street Zen cut Corpay from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Weiss Ratings upgraded shares of Corpay from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Morgan Stanley upped their price target on shares of Corpay from $455.00 to $460.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Finally, Royal Bank Of Canada increased their price objective on shares of Corpay from $438.00 to $474.00 and gave the stock a “sector perform” rating in a report on Thursday. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $469.00.

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.