Handelsbanken Fonder AB Has $7.56 Million Stock Position in Corpay, Inc. $CPAY

Handelsbanken Fonder AB increased its stake in shares of Corpay, Inc. (NYSE:CPAY) by 71.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,108 shares of the company’s stock after buying an additional 10,471 shares during the period. Handelsbanken Fonder AB’s holdings in Corpay were worth $7,556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd lifted its position in Corpay by 1,513.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 25,891 shares of the company’s stock valued at $7,458,000 after purchasing an additional 24,286 shares during the period. Hussman Strategic Advisors Inc. lifted its position in Corpay by 100.0% during the 3rd quarter. Hussman Strategic Advisors Inc. now owns 8,400 shares of the company’s stock valued at $2,420,000 after purchasing an additional 4,200 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Corpay by 5.6% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 138,858 shares of the company’s stock valued at $39,999,000 after purchasing an additional 7,397 shares during the period. Vanguard Group Inc. lifted its position in Corpay by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock valued at $2,357,100,000 after purchasing an additional 58,235 shares during the period. Finally, Hendershot Investments Inc. lifted its position in Corpay by 37.5% during the 3rd quarter. Hendershot Investments Inc. now owns 51,779 shares of the company’s stock valued at $14,915,000 after purchasing an additional 14,128 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Performance

Shares of CPAY stock opened at $347.58 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $22.72 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 0.95 and a beta of 0.81. The stock has a 50-day moving average of $313.66 and a 200-day moving average of $312.68. Corpay, Inc. has a one year low of $252.84 and a one year high of $361.99.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.50 by $0.30. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Corpay had a return on equity of 38.68% and a net margin of 24.60%.Corpay’s revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.51 EPS. 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, sell-side analysts expect that Corpay, Inc. will post 25.49 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on CPAY shares. Robert W. Baird cut their target price on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Scotiabank upgraded shares of Corpay to a “sector outperform” rating in a research report on Monday, January 26th. UBS Group upped their target price on shares of Corpay from $315.00 to $380.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Royal Bank Of Canada upped their target price on shares of Corpay from $344.00 to $363.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings upgraded shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $377.92.

Corpay Company Profile

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.