Sterling Capital Management LLC lifted its stake in Corpay, Inc (NYSE:CPAY – Free Report) by 524.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,035 shares of the corporate payments company’s stock after acquiring an additional 2,549 shares during the quarter. Sterling Capital Management LLC’s holdings in Corpay were worth $883,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the stock. MV Capital Management Inc. purchased a new stake in Corpay in the fourth quarter worth approximately $25,000. Leonteq Securities AG purchased a new stake in Corpay during the 4th quarter valued at $27,000. BOKF NA lifted its holdings in shares of Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after buying an additional 94 shares during the period. Torren Management LLC bought a new position in shares of Corpay during the 4th quarter valued at $29,000. Finally, DV Equities LLC purchased a new position in shares of Corpay in the 4th quarter worth $30,000. 98.84% of the stock is owned by hedge funds and other institutional investors.
Corpay Trading Down 0.0%
Shares of CPAY stock opened at $333.13 on Wednesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $21.77 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 0.92 and a beta of 0.86. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $367.43. The firm has a fifty day moving average price of $341.42 and a 200-day moving average price of $326.05.
Insider Transactions at Corpay
In other Corpay news, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the sale, the director owned 28,241 shares in the company, valued at $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $352.13, for a total value of $24,816,713.88. Following the completion of the transaction, the insider directly owned 11,274 shares in the company, valued at $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. In the last 90 days, insiders sold 88,677 shares of company stock valued at $31,304,091. Company insiders own 5.19% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently commented on CPAY shares. Loop Capital assumed coverage on Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 price objective for the company. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Morgan Stanley reissued an “overweight” rating and issued a $400.00 target price on shares of Corpay in a research report on Sunday, May 10th. Robert W. Baird cut their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Finally, Weiss Ratings upgraded shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $383.07.
View Our Latest Stock Analysis on CPAY
Corpay Profile
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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