Sterling Capital Management LLC Grows Position in Corpay, Inc $CPAY

Sterling Capital Management LLC grew its position in Corpay, Inc (NYSE:CPAY) by 524.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,035 shares of the corporate payments company’s stock after purchasing an additional 2,549 shares during the period. Sterling Capital Management LLC’s holdings in Corpay were worth $883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPAY. MV Capital Management Inc. bought a new position in shares of Corpay in the fourth quarter valued at approximately $25,000. Leonteq Securities AG purchased a new stake in shares of Corpay during the 4th quarter valued at $27,000. BOKF NA increased its position in shares of Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after purchasing an additional 94 shares during the last quarter. Torren Management LLC bought a new stake in shares of Corpay during the 4th quarter worth $29,000. Finally, DV Equities LLC bought a new stake in shares of Corpay during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CPAY shares. Loop Capital started coverage on shares of Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 price objective for the company. Wolfe Research restated an “outperform” rating and set a $450.00 price target on shares of Corpay in a research note on Wednesday, June 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 price target on shares of Corpay in a report on Friday, May 8th. Robert W. Baird reduced their price objective on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Finally, Morgan Stanley restated an “overweight” rating and issued a $400.00 target price on shares of Corpay in a research note on Sunday, May 10th. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Corpay currently has an average rating of “Moderate Buy” and a consensus target price of $383.07.

Corpay Trading Down 0.0%

Shares of CPAY stock opened at $333.13 on Wednesday. The stock has a market capitalization of $21.77 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 0.92 and a beta of 0.86. The company’s fifty day simple moving average is $341.42 and its two-hundred day simple moving average is $326.05. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $367.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $5.63 million during the quarter. As a group, analysts anticipate that Corpay, Inc will post 25.49 earnings per share for the current year.

Insider Activity

In other Corpay news, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the completion of the transaction, the insider owned 11,274 shares of the company’s stock, valued at $3,969,913.62. The trade was a 86.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the sale, the director owned 28,241 shares in the company, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is owned by corporate insiders.

Corpay Company Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.