Principal Financial Group Inc. Has $23.61 Million Position in Corpay, Inc $CPAY

Posted by Brenda Bartman on Jul 21st, 2026

Principal Financial Group Inc. boosted its position in Corpay, Inc (NYSE:CPAY – Free Report) by 3.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 81,142 shares of the corporate payments company’s stock after buying an additional 2,491 shares during the period. Principal Financial Group Inc.’s holdings in Corpay were worth $23,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new position in Corpay during the 4th quarter worth $25,000. Leonteq Securities AG bought a new stake in shares of Corpay in the fourth quarter valued at about $27,000. BOKF NA boosted its position in shares of Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after acquiring an additional 94 shares during the period. Torren Management LLC acquired a new position in shares of Corpay in the fourth quarter valued at about $29,000. Finally, DV Equities LLC acquired a new position in shares of Corpay in the fourth quarter valued at about $30,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPAY has been the topic of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 price target on shares of Corpay in a research report on Friday, May 8th. Morgan Stanley restated an “overweight” rating and set a $400.00 target price on shares of Corpay in a research report on Sunday, May 10th. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Robert W. Baird lowered their target price on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $450.00 price target on shares of Corpay in a research note on Wednesday, June 3rd. Twelve investment 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $382.54.

Get Our Latest Stock Analysis on CPAY

Insider Activity at Corpay

In other news, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the completion of the sale, the director owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the sale, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. This trade represents a 86.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 88,677 shares of company stock valued at $31,304,091 over the last 90 days. Corporate insiders own 5.19% of the company’s stock.

Corpay Stock Up 0.8%

Shares of NYSE CPAY opened at $368.87 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. Corpay, Inc has a 52 week low of $252.84 and a 52 week high of $374.09. The stock has a market capitalization of $24.11 billion, a P/E ratio of 22.07, a PEG ratio of 1.00 and a beta of 0.88. The stock’s fifty day moving average is $349.53 and its 200 day moving average is $332.61.

Corpay (NYSE:CPAY – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. The firm had revenue of $5.63 million for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. Sell-side analysts forecast that Corpay, Inc will post 25.49 earnings per share for the current fiscal year.

About Corpay

(Free Report)

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.