XTX Topco Ltd Takes Position in Corpay, Inc. $CPAY

XTX Topco Ltd purchased a new position in shares of Corpay, Inc. (NYSE:CPAY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,854 shares of the company’s stock, valued at approximately $2,606,000.

Other hedge funds also recently added to or reduced their stakes in the company. Select Equity Group L.P. lifted its stake in Corpay by 1,302.3% in the first quarter. Select Equity Group L.P. now owns 1,218,898 shares of the company’s stock worth $425,054,000 after purchasing an additional 1,131,975 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Corpay by 11.1% in the first quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock worth $1,648,970,000 after buying an additional 472,147 shares during the period. Nuveen LLC bought a new stake in shares of Corpay during the 1st quarter worth approximately $104,428,000. Wellington Management Group LLP boosted its holdings in Corpay by 30.7% during the 1st quarter. Wellington Management Group LLP now owns 1,275,059 shares of the company’s stock valued at $444,639,000 after acquiring an additional 299,452 shares during the period. Finally, Vanguard Group Inc. grew its position in Corpay by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company’s stock valued at $2,695,851,000 after acquiring an additional 251,651 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CPAY shares. Jefferies Financial Group reissued a “buy” rating on shares of Corpay in a research note on Monday, November 3rd. Williams Trading set a $300.00 price objective on shares of Corpay in a research report on Monday, November 3rd. Morgan Stanley dropped their target price on shares of Corpay from $360.00 to $356.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. JPMorgan Chase & Co. decreased their price target on shares of Corpay from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Raymond James Financial set a $392.00 price target on Corpay and gave the company an “outperform” rating in a report on Thursday, August 7th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $379.71.

Corpay Price Performance

Shares of CPAY opened at $293.56 on Thursday. The company has a 50 day moving average of $284.00 and a two-hundred day moving average of $311.80. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $400.81. The company has a market cap of $20.54 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $5.70 earnings per share for the quarter, topping analysts’ consensus estimates of $5.63 by $0.07. Corpay had a return on equity of 39.13% and a net margin of 25.17%.The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the firm earned $5.00 EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. As a group, analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

About Corpay

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.