Taikang Asset Management Hong Kong Co Ltd Acquires 6,042 Shares of Corpay, Inc. $CPAY

Taikang Asset Management Hong Kong Co Ltd raised its holdings in Corpay, Inc. (NYSE:CPAY) by 18.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,021 shares of the company’s stock after acquiring an additional 6,042 shares during the quarter. Corpay makes up 1.2% of Taikang Asset Management Hong Kong Co Ltd’s holdings, making the stock its 20th largest holding. Taikang Asset Management Hong Kong Co Ltd’s holdings in Corpay were worth $11,743,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Corpay by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock valued at $2,357,100,000 after acquiring an additional 58,235 shares during the last quarter. JPMorgan Chase & Co. grew its position in Corpay by 6.9% in the 4th quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the company’s stock valued at $1,424,882,000 after acquiring an additional 307,355 shares during the last quarter. Orbis Allan Gray Ltd grew its position in Corpay by 3.3% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company’s stock valued at $1,279,362,000 after acquiring an additional 124,368 shares during the last quarter. State Street Corp grew its position in Corpay by 0.8% in the 3rd quarter. State Street Corp now owns 2,956,744 shares of the company’s stock valued at $851,720,000 after acquiring an additional 23,470 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Corpay by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,905,526 shares of the company’s stock valued at $571,346,000 after acquiring an additional 19,281 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

CPAY has been the topic of several research analyst reports. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Raymond James Financial reissued an “outperform” rating and set a $361.00 price target on shares of Corpay in a research report on Thursday, March 5th. Loop Capital began coverage on Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 price target on the stock. Wolfe Research reissued an “outperform” rating and set a $450.00 price target on shares of Corpay in a research report on Wednesday, June 3rd. Finally, Oppenheimer reissued an “outperform” rating and set a $388.00 price target on shares of Corpay in a research report on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $383.07.

Insider Transactions at Corpay

In other news, insider Armando Lins Netto sold 70,476 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 11,274 shares in the company, valued at $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven T. Stull sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the transaction, the director owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is currently owned by company insiders.

Corpay Price Performance

CPAY opened at $360.86 on Wednesday. Corpay, Inc. has a 12-month low of $252.84 and a 12-month high of $367.43. 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 business’s fifty day simple moving average is $333.73 and its 200-day simple moving average is $321.95. The company has a market capitalization of $23.59 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.97 and a beta of 0.86.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.50 by $0.30. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The firm’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, equities research analysts anticipate that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

Corpay 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.