Geode Capital Management LLC Has $619.64 Million Position in Corpay, Inc. $CPAY

Geode Capital Management LLC boosted its stake in Corpay, Inc. (NYSE:CPAY) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,871,511 shares of the company’s stock after purchasing an additional 63,287 shares during the period. Geode Capital Management LLC owned about 2.66% of Corpay worth $619,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPAY. Forsta AP Fonden lifted its stake in shares of Corpay by 8.2% in the 2nd quarter. Forsta AP Fonden now owns 13,200 shares of the company’s stock valued at $4,380,000 after acquiring an additional 1,000 shares during the last quarter. National Pension Service increased its holdings in Corpay by 0.5% in the 2nd quarter. National Pension Service now owns 99,943 shares of the company’s stock worth $33,163,000 after purchasing an additional 491 shares in the last quarter. Boston Partners boosted its stake in shares of Corpay by 5.5% during the second quarter. Boston Partners now owns 2,283,730 shares of the company’s stock valued at $756,697,000 after purchasing an additional 119,790 shares in the last quarter. Vise Technologies Inc. bought a new stake in shares of Corpay during the second quarter worth about $3,161,000. Finally, Allworth Financial LP increased its stake in shares of Corpay by 37.4% in the second quarter. Allworth Financial LP now owns 239 shares of the company’s stock valued at $79,000 after buying an additional 65 shares during the period. Institutional investors own 98.84% of the company’s stock.

Corpay Trading Down 1.6%

NYSE CPAY opened at $278.46 on Friday. Corpay, Inc. has a one year low of $252.84 and a one year high of $400.81. 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 50 day simple moving average of $288.22 and a 200 day simple moving average of $314.33. The stock has a market capitalization of $19.66 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.02 and a beta of 0.95.

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

Analyst Ratings Changes

Several equities research analysts recently commented on CPAY shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Corpay in a research report on Thursday. Jefferies Financial Group reissued a “buy” rating on shares of Corpay in a research note on Monday, November 3rd. Wall Street Zen lowered Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Raymond James Financial set a $392.00 target price on Corpay and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, Williams Trading set a $300.00 price objective on Corpay in a research report on Monday, November 3rd. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.