Rhumbline Advisers Has $48.26 Million Stock Position in Corpay, Inc. $CPAY

Rhumbline Advisers reduced its stake in Corpay, Inc. (NYSE:CPAY) by 0.9% during the 2nd quarter, Holdings Channel reports. The firm owned 145,454 shares of the company’s stock after selling 1,357 shares during the period. Rhumbline Advisers’ holdings in Corpay were worth $48,264,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CPAY. CVA Family Office LLC increased its holdings in Corpay by 56.7% in the second quarter. CVA Family Office LLC now owns 94 shares of the company’s stock valued at $31,000 after purchasing an additional 34 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new stake in shares of Corpay in the 2nd quarter valued at about $33,000. Ameritas Advisory Services LLC bought a new stake in shares of Corpay in the 2nd quarter valued at about $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of Corpay in the 1st quarter valued at approximately $41,000. Finally, Allworth Financial LP boosted its stake in Corpay by 37.4% during the 2nd quarter. Allworth Financial LP now owns 239 shares of the company’s stock worth $79,000 after acquiring an additional 65 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Trading Down 0.8%

Shares of Corpay stock opened at $286.43 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day simple moving average of $284.62 and a two-hundred day simple moving average of $312.18. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $400.81. The company has a market capitalization of $20.04 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.02 and a beta of 0.95.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $5.70 earnings per share for the quarter, beating the consensus estimate of $5.63 by $0.07. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $5.00 earnings per share. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. Research analysts forecast that Corpay, Inc. will post 19.76 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on CPAY. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Corpay in a research note on Wednesday, November 19th. Royal Bank Of Canada upped their price objective on shares of Corpay from $336.00 to $344.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Jefferies Financial Group reiterated a “buy” rating on shares of Corpay in a report on Monday, November 3rd. Keefe, Bruyette & Woods decreased their target price on Corpay from $445.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Finally, Wall Street Zen lowered Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $379.71.

Corpay Company Profile

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.