Investment House LLC lifted its position in Corpay, Inc (NYSE:CPAY – Free Report) by 230.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 24,555 shares of the corporate payments company’s stock after acquiring an additional 17,125 shares during the quarter. Investment House LLC’s holdings in Corpay were worth $8,925,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Burkett Financial Services LLC purchased a new stake in shares of Corpay during the 3rd quarter valued at about $30,000. Axiom Investment Management LLC bought a new position in Corpay during the 1st quarter valued at about $27,000. Strive Financial Group LLC purchased a new stake in Corpay in the 2nd quarter worth about $35,000. Western Wealth Management LLC purchased a new stake in Corpay in the 1st quarter worth about $36,000. Finally, SJS Investment Consulting Inc. lifted its stake in Corpay by 150.0% in the first quarter. SJS Investment Consulting Inc. now owns 140 shares of the corporate payments company’s stock worth $41,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Insider Buying and Selling at Corpay
In related news, Director Steven T. Stull sold 2,357 shares of Corpay stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $413.62, for a total value of $974,902.34. Following the completion of the sale, the director directly owned 21,241 shares in the company, valued at $8,785,702.42. The trade was a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ronald Clarke sold 119,486 shares of Corpay 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 completion of the sale, the chief executive officer owned 2,354,330 shares of the company’s stock, valued at $970,925,692. The trade was a 4.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 220,860 shares of company stock valued at $91,395,514 over the last quarter. Company insiders own 5.19% of the company’s stock.
Corpay Price Performance
Shares of CPAY stock opened at $415.17 on Friday. The company has a market capitalization of $27.26 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.12 and a beta of 0.89. The company’s 50-day simple moving average is $404.78 and its two-hundred day simple moving average is $371.28. Corpay, Inc has a one year low of $252.84 and a one year high of $427.46. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.97.
Corpay (NYSE:CPAY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $0.42. Corpay had a return on equity of 42.18% and a net margin of 22.72%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the business earned $5.13 earnings per share. Corpay’s quarterly revenue was up 21.5% on a year-over-year basis. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. As a group, equities analysts anticipate that Corpay, Inc will post 25.79 EPS for the current year.
Analyst Upgrades and Downgrades
CPAY has been the subject of several recent analyst reports. Weiss Ratings upgraded Corpay from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. UBS Group increased their price target on Corpay from $385.00 to $415.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Raymond James Financial reissued an “outperform” rating and set a $442.00 price target on shares of Corpay in a research note on Thursday, August 6th. Morgan Stanley set a $455.00 price objective on Corpay in a research report on Friday, August 7th. Finally, Robert W. Baird set a $475.00 target price on Corpay in a research note on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Corpay presently has an average rating of “Moderate Buy” and an average target price of $438.93.
Check Out Our Latest Stock Analysis on Corpay
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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