Corpay (NYSE:CPAY) Share Price Breaks Above Fifty Day Moving Average – Here’s What Happened

Corpay, Inc (NYSE:CPAY – Get Free Report) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $403.25 and traded as high as $412.08. Corpay shares last traded at $409.08, with a volume of 364,773 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CPAY shares. Robert W. Baird set a $475.00 target price on Corpay in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on Corpay from $400.00 to $470.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Royal Bank Of Canada upped their price target on Corpay from $423.00 to $438.00 and gave the stock a “sector perform” rating in a report on Monday, August 31st. Scotiabank initiated coverage on shares of Corpay in a research report on Wednesday, September 2nd. They issued an “outperform” rating and a $536.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Corpay from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $450.00.

Read Our Latest Analysis on CPAY

Corpay Stock Up 2.0%

The firm has a 50 day moving average price of $403.25 and a two-hundred day moving average price of $358.45. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $26.86 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 1.09 and a beta of 0.89.

Corpay (NYSE:CPAY – Get Free Report) last released its quarterly 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 business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.13 earnings per share. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. As a group, sell-side analysts expect that Corpay, Inc will post 25.81 earnings per share for the current year.

Insider Activity at Corpay

In other news, CEO Ronald Clarke sold 119,486 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the completion of the transaction, the chief executive officer directly owned 2,354,330 shares in the company, valued at approximately $970,925,692. This represents a 4.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven T. Stull sold 2,357 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $413.62, for a total transaction of $974,902.34. Following the sale, the director directly owned 21,241 shares of the company’s stock, valued at $8,785,702.42. The trade was a 9.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 220,860 shares of company stock worth $91,395,514 over the last 90 days. 5.19% of the stock is owned by company insiders.

Institutional Trading of Corpay

Institutional investors have recently added to or reduced their stakes in the stock. CenterBook Partners LP grew its holdings in Corpay by 58.9% during the 3rd quarter. CenterBook Partners LP now owns 11,077 shares of the corporate payments company’s stock worth $4,112,000 after acquiring an additional 4,104 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its position in shares of Corpay by 6.1% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 3,351 shares of the corporate payments company’s stock worth $1,302,000 after purchasing an additional 193 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Corpay during the third quarter worth about $1,156,000. Inscription Capital LLC lifted its holdings in Corpay by 392.7% during the 3rd quarter. Inscription Capital LLC now owns 4,612 shares of the corporate payments company’s stock worth $1,656,000 after buying an additional 3,676 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Corpay by 644.2% during the third quarter. Commonwealth Equity Services LLC now owns 6,460 shares of the corporate payments company’s stock valued at $2,332,000 after purchasing an additional 5,592 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

About Corpay

(Get Free Report)

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.

Further Reading

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