D.A. Davidson & CO. increased its holdings in Corpay, Inc (NYSE:CPAY – Free Report) by 5.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 33,675 shares of the corporate payments company’s stock after acquiring an additional 1,757 shares during the quarter. D.A. Davidson & CO.’s holdings in Corpay were worth $13,086,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. VestGen Advisors LLC purchased a new stake in Corpay during the 3rd quarter worth approximately $327,000. SYM FINANCIAL Corp raised its position in shares of Corpay by 9.0% in the 3rd quarter. SYM FINANCIAL Corp now owns 723 shares of the corporate payments company’s stock valued at $281,000 after purchasing an additional 60 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Corpay by 29.8% during the 3rd quarter. Park Avenue Securities LLC now owns 1,440 shares of the corporate payments company’s stock valued at $560,000 after buying an additional 331 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Corpay by 191.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 3,636 shares of the corporate payments company’s stock valued at $1,342,000 after buying an additional 2,390 shares during the last quarter. Finally, Sigma Planning Corp grew its position in shares of Corpay by 96.9% during the third quarter. Sigma Planning Corp now owns 4,066 shares of the corporate payments company’s stock worth $1,580,000 after buying an additional 2,001 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Insider Activity at Corpay
In other Corpay news, CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction on 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven T. Stull sold 2,357 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $413.62, for a total transaction of $974,902.34. Following the sale, the director owned 21,241 shares of the company’s stock, valued at approximately $8,785,702.42. The trade was a 9.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 220,860 shares of company stock worth $91,395,514. Corporate insiders own 5.19% of the company’s stock.
Corpay Trading Up 0.5%
Shares of NYSE CPAY opened at $397.98 on Friday. The stock’s 50 day moving average price is $403.65 and its two-hundred day moving average price is $357.57. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $427.46. The stock has a market capitalization of $26.13 billion, a P/E ratio of 24.22, a PEG ratio of 1.09 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70.
Corpay (NYSE:CPAY – Get Free Report) last issued its earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, topping the consensus estimate of $6.58 by $0.42. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.30 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%. The business’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.13 EPS. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. On average, analysts anticipate that Corpay, Inc will post 25.79 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on CPAY shares. Royal Bank Of Canada lifted their price target on shares of Corpay from $423.00 to $438.00 and gave the stock a “sector perform” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. upped their price target on shares of Corpay from $400.00 to $470.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Wolfe Research increased their price objective on shares of Corpay from $475.00 to $530.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Robert W. Baird set a $475.00 price objective on shares of Corpay in a report on Thursday, August 6th. Finally, Morgan Stanley boosted their target price on shares of Corpay from $455.00 to $460.00 and gave the stock an “overweight” rating in a research report on Wednesday. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $439.29.
Read Our Latest Report 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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