Corpay, Inc. $CPAY Shares Purchased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd increased its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 339.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,062 shares of the company’s stock after acquiring an additional 21,683 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Corpay were worth $8,445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Corpay by 0.7% during the third quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock worth $2,357,100,000 after purchasing an additional 58,235 shares during the period. Orbis Allan Gray Ltd raised its stake in Corpay by 3.3% during the second 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. State Street Corp raised its stake in Corpay by 0.8% during the third quarter. State Street Corp now owns 2,956,744 shares of the company’s stock worth $851,720,000 after purchasing an additional 23,470 shares during the period. M&T Bank Corp raised its stake in Corpay by 4,657.7% during the fourth 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. Finally, Wellington Management Group LLP raised its stake in Corpay by 54.9% during the third 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. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CPAY has been the topic of a number of analyst reports. Robert W. Baird reduced their target price on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Morgan Stanley reissued an “overweight” rating and issued a $400.00 price target on shares of Corpay in a research note on Sunday. Mizuho boosted their price target on shares of Corpay from $320.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Finally, Cantor Fitzgerald boosted their price target on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $375.58.

Corpay Price Performance

Corpay stock opened at $339.12 on Wednesday. The company’s 50 day simple moving average is $311.57 and its 200-day simple moving average is $309.23. The company has a market capitalization of $22.16 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 0.96 and a beta of 0.81. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $361.99. 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 results on Thursday, May 7th. The company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.50 by $0.30. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm earned $4.51 EPS. The business’s revenue was up 25.4% on a year-over-year basis. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. As a group, equities research analysts expect that Corpay, Inc. will post 24.76 earnings per share for the current year.

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.