Allstate Corp Boosts Position in Corpay, Inc. $CPAY

Allstate Corp boosted its stake in Corpay, Inc. (NYSE:CPAY) by 84.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,328 shares of the company’s stock after buying an additional 1,985 shares during the period. Allstate Corp’s holdings in Corpay were worth $1,302,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Summitry LLC acquired a new position in Corpay in the 4th quarter valued at about $382,000. Choate Investment Advisors acquired a new position in Corpay during the fourth quarter worth $1,358,000. Clearstead Advisors LLC grew its holdings in Corpay by 259.6% in the fourth quarter. Clearstead Advisors LLC now owns 187 shares of the company’s stock valued at $56,000 after purchasing an additional 135 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Corpay by 1.6% during the fourth quarter. Legal & General Group Plc now owns 368,181 shares of the company’s stock valued at $110,797,000 after acquiring an additional 5,710 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Corpay by 19.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,362 shares of the company’s stock worth $410,000 after buying an additional 223 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Trading Up 2.8%

CPAY stock opened at $362.35 on Friday. Corpay, Inc. has a 1-year low of $252.84 and a 1-year high of $364.24. The firm has a market cap of $23.68 billion, a P/E ratio of 21.68, a P/E/G ratio of 0.96 and a beta of 0.81. The business’s 50 day moving average is $318.29 and its 200-day moving average is $315.64. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.50 by $0.30. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company’s revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company posted $4.51 EPS. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. Equities analysts anticipate that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group raised their price objective on Corpay from $315.00 to $380.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Royal Bank Of Canada boosted their target price on Corpay from $344.00 to $363.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Morgan Stanley reiterated an “overweight” rating and set a $400.00 price target on shares of Corpay in a research note on Sunday, May 10th. Finally, Cantor Fitzgerald upped their price target on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $377.92.

Insider Transactions at Corpay

In other Corpay news, insider Armando Lins Netto sold 14,089 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $356.05, for a total transaction of $5,016,388.45. Following the transaction, the insider owned 18,528 shares of the company’s stock, valued at approximately $6,596,894.40. This represents a 43.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 17,201 shares of company stock worth $6,126,597. 5.19% of the stock is currently owned by corporate 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.