Wall Street Zen downgraded shares of Corpay (NYSE:CPAY – Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday.
Several other research firms have also commented on CPAY. Wolfe Research reiterated an “outperform” rating and set a $475.00 price target on shares of Corpay in a report on Thursday, August 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corpay in a report on Friday, July 24th. Raymond James Financial reissued an “outperform” rating and issued a $442.00 price target on shares of Corpay in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on Corpay from $363.00 to $423.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Finally, UBS Group increased their target price on Corpay from $385.00 to $415.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Corpay presently has a consensus rating of “Moderate Buy” and an average target price of $426.08.
Read Our Latest Stock Report on Corpay
Corpay Trading Down 1.7%
Corpay (NYSE:CPAY – Get Free Report) last posted its earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, beating the consensus estimate of $6.58 by $0.42. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.30 billion. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous 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. Analysts predict that Corpay will post 25.75 EPS for the current year.
Insiders Place Their Bets
In other Corpay news, insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction dated 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 directly owned 11,274 shares in the company, valued at approximately $3,969,913.62. This represents a 86.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven T. Stull sold 1,000 shares of the firm’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 directly owned 28,241 shares in the company, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 88,677 shares of company stock valued at $31,304,091. Insiders own 5.19% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in CPAY. MV Capital Management Inc. acquired a new position in shares of Corpay in the 4th quarter worth approximately $25,000. Leonteq Securities AG purchased a new position in Corpay during the 4th quarter valued at about $27,000. Axiom Investment Management LLC purchased a new stake in Corpay in the 1st quarter worth approximately $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 last quarter. Finally, Torren Management LLC bought a new stake in Corpay in the fourth quarter worth $29,000. Institutional investors and hedge funds own 98.84% of the company’s stock.
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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