Clifford Swan Investment Counsel LLC Increases Position in Corpay, Inc $CPAY

Clifford Swan Investment Counsel LLC grew its holdings in shares of Corpay, Inc (NYSE:CPAY) by 5.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,158 shares of the corporate payments company’s stock after buying an additional 2,604 shares during the quarter. Clifford Swan Investment Counsel LLC owned 0.07% of Corpay worth $14,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MV Capital Management Inc. purchased a new position in Corpay during the 4th quarter valued at $25,000. Leonteq Securities AG purchased a new stake in Corpay in the fourth quarter worth $27,000. BOKF NA increased its stake in Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock worth $28,000 after purchasing an additional 94 shares during the period. Torren Management LLC bought a new stake in shares of Corpay during the fourth quarter worth $29,000. Finally, DV Equities LLC bought a new stake in shares of Corpay during the fourth quarter worth $30,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on CPAY shares. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Oppenheimer reiterated an “outperform” rating and set a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and issued a $400.00 price objective on shares of Corpay in a research report on Sunday, May 10th. Wolfe Research restated an “outperform” rating and issued a $450.00 target price on shares of Corpay in a research note on Wednesday, June 3rd. Finally, Weiss Ratings upgraded shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Corpay has an average rating of “Moderate Buy” and a consensus price target of $382.54.

Insider Activity

In other Corpay news, Director Steven T. Stull sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the transaction, the director owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the transaction, the insider directly owned 11,274 shares in the company, valued at $3,969,913.62. This trade represents a 86.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 88,677 shares of company stock worth $31,304,091. 5.19% of the stock is owned by company insiders.

Corpay Price Performance

Shares of CPAY stock opened at $365.94 on Friday. Corpay, Inc has a twelve month low of $252.84 and a twelve month high of $374.09. The stock has a market capitalization of $23.92 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.02 and a beta of 0.88. The stock has a fifty day simple moving average of $349.20 and a two-hundred day simple moving average of $332.02. 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 announced its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. The firm had revenue of $5.63 million for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. On average, analysts predict that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Corpay 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.