Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Corpay, Inc (NYSE:CPAY – Free Report) by 59.0% during the 1st quarter, HoldingsChannel reports. The fund owned 4,395 shares of the corporate payments company’s stock after buying an additional 1,630 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Corpay were worth $1,279,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. MV Capital Management Inc. purchased a new position in shares of Corpay in the 4th quarter worth $25,000. Leonteq Securities AG purchased a new position in shares of Corpay during the 4th quarter worth about $27,000. BOKF NA grew its stake in Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock worth $28,000 after acquiring an additional 94 shares in the last quarter. Torren Management LLC purchased a new position in Corpay during the 4th quarter valued at about $29,000. Finally, DV Equities LLC bought a new position in shares of Corpay in the 4th quarter worth $30,000. Institutional investors own 98.84% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on CPAY. Wolfe Research restated an “outperform” rating and set a $450.00 price target on shares of Corpay in a research note on Wednesday, June 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. Loop Capital started coverage on shares of Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corpay in a research note on Friday, July 24th. Finally, Morgan Stanley raised their target price on Corpay from $400.00 to $415.00 and gave the stock an “overweight” rating in a report on Tuesday. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $383.69.
Insider Transactions at Corpay
In other news, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total value 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. The trade was a 86.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 88,677 shares of company stock valued at $31,304,091. Company insiders own 5.19% of the company’s stock.
Corpay Stock Performance
NYSE:CPAY opened at $383.56 on Friday. The company has a market cap of $25.07 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.04 and a beta of 0.88. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. Corpay, Inc has a twelve month low of $252.84 and a twelve month high of $395.49. The company’s 50-day moving average price is $353.70 and its 200-day moving average price is $336.42.
Corpay (NYSE:CPAY – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) 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%. On average, sell-side analysts forecast that Corpay, Inc will post 25.48 earnings per share for the current fiscal year.
About Corpay
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.
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