Corpay, Inc $CPAY Stock Position Lifted by Procyon Advisors LLC

Procyon Advisors LLC lifted its position in Corpay, Inc (NYSE:CPAY) by 78.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,357 shares of the corporate payments company’s stock after acquiring an additional 2,786 shares during the quarter. Procyon Advisors LLC’s holdings in Corpay were worth $1,850,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. HB Wealth Management LLC raised its position in shares of Corpay by 1.9% during the 4th quarter. HB Wealth Management LLC now owns 1,741 shares of the corporate payments company’s stock valued at $524,000 after acquiring an additional 33 shares in the last quarter. KBC Group NV boosted its holdings in Corpay by 0.4% in the fourth quarter. KBC Group NV now owns 9,318 shares of the corporate payments company’s stock worth $2,804,000 after purchasing an additional 36 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Corpay by 4.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock worth $254,000 after purchasing an additional 37 shares during the period. Harbour Investments Inc. increased its stake in Corpay by 35.5% during the fourth quarter. Harbour Investments Inc. now owns 149 shares of the corporate payments company’s stock valued at $45,000 after purchasing an additional 39 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Corpay by 1.4% during the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company’s stock valued at $919,000 after purchasing an additional 39 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Corpay Price Performance

Shares of CPAY opened at $362.00 on Tuesday. Corpay, Inc has a 12 month low of $252.84 and a 12 month high of $367.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a fifty day moving average price of $348.78 and a 200 day moving average price of $330.77. The company has a market cap of $23.66 billion, a P/E ratio of 21.66, a PEG ratio of 0.97 and a beta of 0.88.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company had revenue of $5.63 million during the quarter. On average, research analysts forecast that Corpay, Inc will post 25.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CPAY. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $400.00 price objective on shares of Corpay in a research report on Sunday, May 10th. Oppenheimer reiterated an “outperform” rating and set a $388.00 price objective on shares of Corpay in a research note on Friday, May 8th. Finally, Loop Capital began coverage on shares of Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 target price on the stock. Thirteen 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $383.07.

Insider Transactions at Corpay

In other Corpay news, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the completion of the transaction, the insider directly owned 11,274 shares of the company’s stock, valued at $3,969,913.62. The trade was a 86.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total transaction 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. This trade represents a 3.42% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 88,677 shares of company stock worth $31,304,091. Corporate insiders own 5.19% of the company’s stock.

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.