Y Intercept Hong Kong Ltd purchased a new stake in shares of Corpay, Inc (NYSE:CPAY – Free Report) during the first quarter, Holdings Channel reports. The institutional investor purchased 12,573 shares of the corporate payments company’s stock, valued at approximately $3,659,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. MV Capital Management Inc. purchased a new position in shares of Corpay in the fourth quarter valued at $25,000. Leonteq Securities AG bought a new position in Corpay in the 4th quarter worth about $27,000. BOKF NA lifted its position in Corpay by 4,700.0% during the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after purchasing an additional 94 shares during the last quarter. Torren Management LLC purchased a new position in Corpay in the fourth quarter worth $29,000. Finally, DV Equities LLC purchased a new position in shares of Corpay in the 4th quarter worth about $30,000. 98.84% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
CPAY has been the subject of several analyst reports. Wolfe Research restated an “outperform” rating and set a $450.00 price target on shares of Corpay in a research report on Wednesday, June 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 target price on shares of Corpay in a research report on Sunday, May 10th. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Robert W. Baird decreased their target price on shares of 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 report on Monday, April 27th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $383.07.
Insider Buying and Selling at Corpay
In related news, 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 directly owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. This trade represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction 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 transaction, the insider owned 11,274 shares in the company, valued at $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 88,677 shares of company stock worth $31,304,091 in the last quarter. Corporate insiders own 5.19% of the company’s stock.
Corpay Stock Performance
Shares of CPAY stock traded up $3.93 on Tuesday, reaching $360.48. The stock had a trading volume of 110,108 shares, compared to its average volume of 648,539. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $367.43. The stock has a market cap of $23.56 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 0.96 and a beta of 0.88. The company has a 50 day simple moving average of $346.44 and a 200 day simple moving average of $328.39.
Corpay (NYSE:CPAY – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. The business had revenue of $5.63 million during the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. Equities research analysts expect that Corpay, Inc will post 25.49 EPS for the current 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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