Inceptionr LLC bought a new stake in Corpay, Inc. (NYSE:CPAY – Free Report) in the third quarter, Holdings Channel.com reports. The firm bought 3,788 shares of the company’s stock, valued at approximately $1,091,000.
A number of other hedge funds also recently bought and sold shares of CPAY. Y Intercept Hong Kong Ltd grew its position in shares of Corpay by 1,513.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 25,891 shares of the company’s stock valued at $7,458,000 after purchasing an additional 24,286 shares in the last quarter. Hussman Strategic Advisors Inc. lifted its position in Corpay by 100.0% during the third quarter. Hussman Strategic Advisors Inc. now owns 8,400 shares of the company’s stock worth $2,420,000 after buying an additional 4,200 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Corpay by 5.6% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 138,858 shares of the company’s stock worth $39,999,000 after buying an additional 7,397 shares in the last quarter. Hendershot Investments Inc. boosted its stake in Corpay by 11.8% during the second quarter. Hendershot Investments Inc. now owns 37,651 shares of the company’s stock worth $12,493,000 after buying an additional 3,970 shares during the last quarter. Finally, Kestra Investment Management LLC boosted its stake in Corpay by 55,800.0% during the second quarter. Kestra Investment Management LLC now owns 3,354 shares of the company’s stock worth $1,113,000 after buying an additional 3,348 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.
Insider Activity
In other Corpay news, Director Steven T. Stull bought 8,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average price of $314.98 per share, for a total transaction of $2,519,840.00. Following the completion of the purchase, the director directly owned 29,241 shares in the company, valued at $9,210,330.18. This trade represents a 37.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Alissa B. Vickery sold 1,701 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $358.65, for a total transaction of $610,063.65. Following the completion of the transaction, the chief accounting officer owned 2,180 shares in the company, valued at $781,857. This represents a 43.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.04% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Get Our Latest Stock Report on Corpay
Corpay Stock Up 3.6%
Shares of Corpay stock opened at $325.75 on Tuesday. The company has a market capitalization of $22.79 billion, a P/E ratio of 21.66, a P/E/G ratio of 0.91 and a beta of 0.80. The company has a 50 day moving average of $325.97 and a 200 day moving average of $306.87. Corpay, Inc. has a 52-week low of $252.84 and a 52-week high of $361.99. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.70.
Corpay (NYSE:CPAY – Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $6.04 EPS for the quarter, beating the consensus estimate of $5.93 by $0.11. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Corpay had a return on equity of 37.13% and a net margin of 23.62%.Corpay’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.36 earnings per share. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS. As a group, research analysts forecast that Corpay, Inc. will post 19.76 EPS for the current fiscal year.
About Corpay
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.
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