Corpay, Inc $CPAY Position Reduced by California State Teachers Retirement System

California State Teachers Retirement System trimmed its position in Corpay, Inc (NYSE:CPAY) by 2.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,673 shares of the corporate payments company’s stock after selling 2,421 shares during the period. California State Teachers Retirement System’s holdings in Corpay were worth $24,348,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Corpay

In related news, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $24,816,713.88. Following the completion of the transaction, the insider directly owned 11,274 shares in the company, valued at $3,969,913.62. This represents a 86.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on CPAY shares. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 target price on shares of Corpay in a report on Friday, May 8th. Wolfe Research reissued an “outperform” rating and issued a $450.00 price target on shares of Corpay in a report on Wednesday, June 3rd. Morgan Stanley raised their price objective on shares of Corpay from $400.00 to $415.00 and gave the company an “overweight” rating in a research report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Corpay in a research report on Friday, July 24th. Finally, Loop Capital assumed coverage on shares of Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 price objective on the stock. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Corpay presently has an average rating of “Moderate Buy” and an average target price of $383.69.

Corpay Price Performance

Shares of NYSE:CPAY opened at $383.56 on Friday. Corpay, Inc has a one year low of $252.84 and a one year high of $395.49. The stock has a fifty day moving average of $353.70 and a 200-day moving average of $336.42. The company has a market capitalization of $25.07 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 1.04 and a beta of 0.88. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. The company had revenue of $5.63 million for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. As a group, equities analysts anticipate that Corpay, Inc will post 25.48 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.