Sumitomo Mitsui Trust Group Inc. Has $44.56 Million Stake in Corpay, Inc. $CPAY

Sumitomo Mitsui Trust Group Inc. increased its stake in Corpay, Inc. (NYSE:CPAY) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 154,687 shares of the company’s stock after purchasing an additional 1,932 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of Corpay worth $44,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Corpay in the first quarter worth $207,000. Woodline Partners LP raised its holdings in Corpay by 39.3% in the 1st quarter. Woodline Partners LP now owns 5,890 shares of the company’s stock worth $2,054,000 after acquiring an additional 1,661 shares during the period. Intech Investment Management LLC lifted its position in Corpay by 30.4% during the 1st quarter. Intech Investment Management LLC now owns 3,341 shares of the company’s stock worth $1,165,000 after acquiring an additional 778 shares during the last quarter. Czech National Bank boosted its holdings in Corpay by 7.6% during the second quarter. Czech National Bank now owns 17,230 shares of the company’s stock valued at $5,717,000 after acquiring an additional 1,219 shares during the period. Finally, Pallas Capital Advisors LLC bought a new stake in Corpay during the second quarter valued at about $201,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Performance

CPAY opened at $330.88 on Friday. The stock’s 50 day simple moving average is $302.90 and its 200-day simple moving average is $306.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.41. The stock has a market cap of $23.15 billion, a PE ratio of 22.46, a P/E/G ratio of 1.00 and a beta of 0.84. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $400.81.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $5.70 earnings per share for the quarter, topping analysts’ consensus estimates of $5.63 by $0.07. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Corpay had a net margin of 24.37% and a return on equity of 37.83%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.00 earnings per share. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. Sell-side analysts forecast that Corpay, Inc. will post 19.76 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their price objective on Corpay from $445.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Oppenheimer cut their price target on Corpay from $380.00 to $369.00 and set an “outperform” rating for the company in a report on Monday. Wall Street Zen cut Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Corpay in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Corpay in a research note on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Corpay has a consensus rating of “Moderate Buy” and a consensus target price of $366.25.

Insiders Place Their Bets

In other Corpay news, Director Steven T. Stull purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average price of $314.98 per share, with a total value of $2,519,840.00. Following the completion of the transaction, the director directly owned 29,241 shares of the company’s stock, valued at approximately $9,210,330.18. This trade represents a 37.66% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.04% of the stock is currently owned by insiders.

Corpay Company Profile

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.