Corpay (NYSE:CPAY) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Corpay (NYSE:CPAY) from a buy rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Other analysts have also issued research reports about the stock. Cantor Fitzgerald increased their price target on shares of Corpay from $415.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings raised shares of Corpay from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Scotiabank assumed coverage on shares of Corpay in a research report on Wednesday, September 2nd. They set an “outperform” rating and a $536.00 price objective for the company. Morgan Stanley set a $455.00 price objective on shares of Corpay in a research report on Friday, August 7th. Finally, UBS Group upped their target price on Corpay from $385.00 to $415.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Corpay currently has an average rating of “Moderate Buy” and an average target price of $438.93.

Corpay Stock Down 2.2%

CPAY stock opened at $399.43 on Friday. The company has a market cap of $26.23 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.12 and a beta of 0.89. The business has a 50-day simple moving average of $404.26 and a 200 day simple moving average of $356.17. Corpay has a 52 week low of $252.84 and a 52 week high of $427.46. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, topping the consensus estimate of $6.58 by $0.42. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Corpay had a net margin of 22.72% and a return on equity of 42.18%. Corpay’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.13 earnings per share. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Sell-side analysts anticipate that Corpay will post 25.79 EPS for the current fiscal year.

Insiders Place Their Bets

In other Corpay news, Director Steven T. Stull sold 2,357 shares of Corpay stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $413.62, for a total transaction of $974,902.34. Following the transaction, the director directly owned 21,241 shares of the company’s stock, valued at approximately $8,785,702.42. The trade was a 9.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the transaction, the chief executive officer directly owned 2,354,330 shares in the company, valued at $970,925,692. The trade was a 4.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 220,860 shares of company stock valued at $91,395,514 over the last 90 days. 5.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Corpay

Several institutional investors and hedge funds have recently made changes to their positions in CPAY. Spruce House Investment Management LLC lifted its stake in shares of Corpay by 6.0% in the first quarter. Spruce House Investment Management LLC now owns 880,000 shares of the corporate payments company’s stock worth $256,071,000 after acquiring an additional 50,000 shares during the period. Dimensional Fund Advisors LP increased its position in Corpay by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 782,500 shares of the corporate payments company’s stock valued at $227,695,000 after purchasing an additional 23,646 shares during the period. Hawk Ridge Capital Management LP increased its position in Corpay by 20.5% during the 1st quarter. Hawk Ridge Capital Management LP now owns 532,180 shares of the corporate payments company’s stock valued at $154,859,000 after purchasing an additional 90,360 shares during the period. Bank of New York Mellon Corp bought a new position in Corpay during the 2nd quarter worth approximately $107,805,000. Finally, Bank of America Corp DE raised its holdings in Corpay by 0.6% during the 1st quarter. Bank of America Corp DE now owns 364,102 shares of the corporate payments company’s stock worth $105,950,000 after purchasing an additional 2,131 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

About Corpay

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.