New York State Teachers Retirement System Sells 2,749 Shares of Corpay, Inc. $CPAY

New York State Teachers Retirement System lessened its holdings in Corpay, Inc. (NYSE:CPAY) by 4.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,527 shares of the company’s stock after selling 2,749 shares during the period. New York State Teachers Retirement System’s holdings in Corpay were worth $18,214,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CPAY. M&T Bank Corp lifted its stake in shares of Corpay by 4,657.7% in the 4th quarter. M&T Bank Corp now owns 1,044,074 shares of the company’s stock worth $314,193,000 after purchasing an additional 1,022,129 shares during the period. Hawk Ridge Capital Management LP bought a new position in shares of Corpay in the 3rd quarter worth approximately $106,381,000. Wellington Management Group LLP lifted its stake in shares of Corpay by 54.9% in the 3rd quarter. Wellington Management Group LLP now owns 631,496 shares of the company’s stock worth $181,909,000 after purchasing an additional 223,704 shares during the period. Squarepoint Ops LLC lifted its stake in shares of Corpay by 7,044.2% in the 3rd quarter. Squarepoint Ops LLC now owns 135,454 shares of the company’s stock worth $39,019,000 after purchasing an additional 133,558 shares during the period. Finally, Orbis Allan Gray Ltd lifted its stake in shares of Corpay by 3.3% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company’s stock worth $1,279,362,000 after purchasing an additional 124,368 shares during the period. Institutional investors own 98.84% of the company’s stock.

Corpay Trading Up 0.2%

Corpay stock opened at $307.14 on Friday. The firm has a 50 day moving average of $313.01 and a 200 day moving average of $307.46. The firm has a market capitalization of $20.90 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 0.87 and a beta of 0.82. Corpay, Inc. has a 12-month low of $252.84 and a 12-month high of $361.99. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.70.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, February 4th. The company reported $6.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.93 by $0.11. Corpay had a net margin of 23.62% and a return on equity of 37.13%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm posted $5.36 EPS. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS. As a group, research analysts predict that Corpay, Inc. will post 24.64 earnings per share for the current year.

Insider Transactions at Corpay

In other Corpay news, CAO Alissa B. Vickery sold 1,701 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $358.65, for a total transaction of $610,063.65. Following the completion of the sale, the chief accounting officer directly owned 2,180 shares of the company’s stock, valued at $781,857. This trade represents a 43.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CPAY has been the subject of several analyst reports. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Mizuho increased their target price on shares of Corpay from $320.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Cantor Fitzgerald increased their target price on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Morgan Stanley increased their target price on shares of Corpay from $379.00 to $390.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Finally, Robert W. Baird reduced their target price on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $373.92.

About Corpay

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.