Havemeyer Place LP acquired a new position in Corpay, Inc. (NYSE:CPAY – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,542 shares of the company’s stock, valued at approximately $2,571,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Leonteq Securities AG acquired a new position in Corpay in the fourth quarter worth $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 company’s stock worth $28,000 after purchasing an additional 94 shares during the period. Torren Management LLC acquired a new position in Corpay in the fourth quarter worth $29,000. Rothschild Investment LLC boosted its holdings in Corpay by 202.1% in the fourth quarter. Rothschild Investment LLC now owns 145 shares of the company’s stock worth $44,000 after purchasing an additional 97 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in Corpay by 35.5% in the fourth quarter. Harbour Investments Inc. now owns 149 shares of the company’s stock worth $45,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.
Insider Transactions at Corpay
In other Corpay news, insider Armando Lins Netto sold 2,694 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $357.01, for a total value of $961,784.94. Following the sale, the insider directly owned 15,834 shares in the company, valued at approximately $5,652,896.34. This trade represents a 14.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 17,201 shares of company stock valued at $6,126,597 in the last quarter. Company insiders own 5.19% of the company’s stock.
Corpay Stock Performance
Corpay (NYSE:CPAY – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.50 by $0.30. The company had revenue of $1.26 billion for 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% compared to the same quarter last year. During the same period last year, the business posted $4.51 earnings per share. 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, research analysts predict that Corpay, Inc. will post 25.49 EPS for the current year.
Analyst Upgrades and Downgrades
CPAY has been the subject of a number of research reports. Cantor Fitzgerald lifted their price objective on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. UBS Group lifted their price objective on shares of Corpay from $315.00 to $380.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Raymond James Financial reiterated an “outperform” rating and issued a $361.00 target price on shares of Corpay in a research note on Thursday, March 5th. Finally, Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $383.07.
View Our Latest Stock Analysis on Corpay
Corpay Company 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.
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