Public Employees Retirement System of Ohio Makes New Investment in Corpay, Inc $CPAY

Public Employees Retirement System of Ohio bought a new stake in shares of Corpay, Inc (NYSE:CPAY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,178 shares of the corporate payments company’s stock, valued at approximately $6,058,000.

A number of other institutional investors have also recently made changes to their positions in CPAY. MV Capital Management Inc. bought a new stake in shares of Corpay in the fourth quarter worth approximately $25,000. Leonteq Securities AG bought a new position in Corpay during the fourth quarter valued at approximately $27,000. Axiom Investment Management LLC bought a new position in Corpay during the first quarter valued at approximately $27,000. BOKF NA boosted its holdings in Corpay by 4,700.0% in the third 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. Finally, DV Equities LLC purchased a new stake in Corpay in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Corpay from $385.00 to $415.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Royal Bank Of Canada lifted their price objective on Corpay from $423.00 to $438.00 and gave the stock a “sector perform” rating in a report on Monday. Cantor Fitzgerald upped their price objective on Corpay from $415.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their target price on Corpay from $400.00 to $470.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $438.93.

Corpay Stock Performance

Shares of NYSE CPAY opened at $417.04 on Thursday. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $425.95. The firm has a market capitalization of $27.38 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 1.11 and a beta of 0.87. 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 50 day moving average of $383.68 and a 200 day moving average of $347.80.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, topping the consensus estimate of $6.58 by $0.42. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.30 billion. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The company’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the firm earned $5.13 earnings per share. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. On average, research analysts anticipate that Corpay, Inc will post 25.75 earnings per share for the current year.

Insider Transactions at Corpay

In other news, Director Steven T. Stull sold 2,357 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 21,241 shares in the company, valued at $8,785,702.42. This represents a 9.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ronald Clarke sold 119,486 shares of the firm’s stock in a transaction 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. This represents a 4.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 291,336 shares of company stock worth $116,212,228 in the last three months. Corporate insiders own 5.19% of the company’s stock.

Corpay 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.