Corpay, Inc. $CPAY Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its stake in shares of Corpay, Inc. (NYSE:CPAY) by 72.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,657 shares of the company’s stock after selling 7,087 shares during the quarter. QRG Capital Management Inc.’s holdings in Corpay were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC grew its holdings in shares of Corpay by 56.7% during the second quarter. CVA Family Office LLC now owns 94 shares of the company’s stock worth $31,000 after buying an additional 34 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new position in shares of Corpay during the second quarter valued at approximately $33,000. Ameritas Advisory Services LLC acquired a new stake in Corpay during the second quarter worth approximately $37,000. Mather Group LLC. purchased a new stake in Corpay in the 3rd quarter worth approximately $49,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Corpay in the 2nd quarter worth approximately $63,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Corpay

In other Corpay news, Director Steven T. Stull purchased 8,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were purchased at an average price of $314.98 per share, for a total transaction of $2,519,840.00. Following the completion of the acquisition, the director owned 29,241 shares of the company’s stock, valued at approximately $9,210,330.18. This represents a 37.66% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada raised their price objective on Corpay from $336.00 to $344.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Oppenheimer reduced their target price on Corpay from $380.00 to $369.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Keefe, Bruyette & Woods decreased their price target on Corpay from $445.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Corpay in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Corpay from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Corpay currently has an average rating of “Moderate Buy” and an average target price of $366.25.

Corpay Price Performance

Shares of Corpay stock opened at $316.59 on Thursday. The business’s fifty day moving average price is $305.51 and its 200 day moving average price is $305.55. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $400.81. 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 capitalization of $22.15 billion, a P/E ratio of 21.49, a PEG ratio of 0.94 and a beta of 0.84.

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

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.