13,765 Shares in Corpay, Inc $CPAY Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC acquired a new stake in Corpay, Inc (NYSE:CPAY) during the 3rd quarter, HoldingsChannel reports. The firm acquired 13,765 shares of the corporate payments company’s stock, valued at approximately $5,349,000.

Other large investors have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC purchased a new stake in Corpay in the 3rd quarter worth approximately $30,000. Axiom Investment Management LLC purchased a new position in shares of Corpay during the 1st quarter valued at $27,000. Strive Financial Group LLC purchased a new position in shares of Corpay during the 2nd quarter valued at $35,000. Western Wealth Management LLC purchased a new position in shares of Corpay during the 1st quarter valued at $36,000. Finally, CoreCap Advisors LLC increased its stake in shares of Corpay by 1,246.2% in the second quarter. CoreCap Advisors LLC now owns 175 shares of the corporate payments company’s stock worth $58,000 after acquiring an additional 162 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Activity

In other news, Director Steven T. Stull sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $410.66, for a total transaction of $1,642,640.00. Following the completion of the sale, the director owned 23,598 shares in the company, valued at approximately $9,690,754.68. This represents a 14.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ronald Clarke sold 119,486 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total value of $49,276,026.40. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 220,860 shares of company stock worth $91,395,514. Corporate insiders own 5.19% of the company’s stock.

Corpay Stock Up 0.5%

Corpay stock opened at $460.40 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.82. Corpay, Inc has a 1-year low of $271.22 and a 1-year high of $479.53. The firm’s fifty day simple moving average is $407.13 and its 200-day simple moving average is $361.33. The company has a market capitalization of $29.45 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.07 and a beta of 0.94.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.20 by $0.34. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Corpay had a net margin of 23.73% and a return on equity of 46.94%. Corpay’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $5.70 earnings per share. Sell-side analysts forecast that Corpay, Inc will post 25.90 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CPAY. Wolfe Research increased their price objective on Corpay from $475.00 to $530.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Cantor Fitzgerald lifted their price objective on Corpay from $480.00 to $550.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank Of Canada boosted their target price on Corpay from $438.00 to $474.00 and gave the company a “sector perform” rating in a research note on Thursday, November 5th. Robert W. Baird set a $475.00 target price on Corpay in a research report on Thursday, August 6th. Finally, Oppenheimer upped their target price on Corpay from $454.00 to $461.00 and gave the stock an “outperform” rating in a research report on Thursday, November 5th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $474.38.

Corpay Company 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.