JPMorgan Chase & Co. Grows Position in Corpay, Inc. $CPAY

JPMorgan Chase & Co. increased its holdings in Corpay, Inc. (NYSE:CPAY) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,734,927 shares of the company’s stock after acquiring an additional 307,355 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.07% of Corpay worth $1,424,882,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CPAY. Northwestern Mutual Wealth Management Co. lifted its position in shares of Corpay by 168,603.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the company’s stock valued at $448,282,000 after buying an additional 1,488,772 shares during the last quarter. M&T Bank Corp lifted its position in shares of Corpay by 4,657.7% during the fourth quarter. M&T Bank Corp now owns 1,044,074 shares of the company’s stock valued at $314,193,000 after buying an additional 1,022,129 shares during the last quarter. Norges Bank purchased a new stake in shares of Corpay during the fourth quarter valued at about $266,190,000. Hawk Ridge Capital Management LP purchased a new stake in shares of Corpay during the third quarter valued at about $106,381,000. Finally, Wellington Management Group LLP lifted its position in shares of Corpay by 54.9% during the third quarter. Wellington Management Group LLP now owns 631,496 shares of the company’s stock valued at $181,909,000 after buying an additional 223,704 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Armando Lins Netto sold 14,089 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $356.05, for a total transaction of $5,016,388.45. Following the transaction, the insider owned 18,528 shares in the company, valued at $6,596,894.40. This represents a 43.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 17,201 shares of company stock worth $6,126,597 in the last 90 days. Corporate insiders own 5.19% of the company’s stock.

Corpay Stock Performance

CPAY opened at $348.74 on Tuesday. Corpay, Inc. has a 52-week low of $252.84 and a 52-week high of $367.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. The company has a market cap of $22.79 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 0.95 and a beta of 0.86. The firm’s 50-day moving average price is $326.02 and its 200-day moving average price is $319.03.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.50 by $0.30. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted $4.51 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. 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 analysts anticipate that Corpay, Inc. will post 25.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CPAY has been the subject of several analyst reports. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. UBS Group increased their price target 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. Oppenheimer reissued an “outperform” rating and set a $388.00 price target on shares of Corpay in a research report on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and set a $400.00 price target on shares of Corpay in a research report on Sunday, May 10th. Finally, Cantor Fitzgerald increased their price target on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Corpay has an average rating of “Moderate Buy” and an average price target of $383.07.

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.