L2 Asset Management LLC Sells 4,696 Shares of Corpay, Inc. $CPAY

L2 Asset Management LLC reduced its holdings in Corpay, Inc. (NYSE:CPAY) by 19.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,231 shares of the company’s stock after selling 4,696 shares during the quarter. L2 Asset Management LLC’s holdings in Corpay were worth $5,787,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hendershot Investments Inc. lifted its stake in Corpay by 37.5% during the third quarter. Hendershot Investments Inc. now owns 51,779 shares of the company’s stock worth $14,915,000 after purchasing an additional 14,128 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Corpay by 5.6% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 138,858 shares of the company’s stock worth $39,999,000 after purchasing an additional 7,397 shares during the last quarter. Vanguard Group Inc. lifted 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 last quarter. Citigroup Inc. lifted its stake in Corpay by 35.2% during the third quarter. Citigroup Inc. now owns 86,004 shares of the company’s stock worth $24,774,000 after purchasing an additional 22,401 shares during the last quarter. Finally, Tredje AP fonden lifted its stake in Corpay by 54.0% during the third quarter. Tredje AP fonden now owns 8,877 shares of the company’s stock worth $2,557,000 after purchasing an additional 3,112 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 price target on shares of Corpay in a research note on Friday, May 8th. Robert W. Baird dropped their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Morgan Stanley reaffirmed an “overweight” rating and set a $400.00 price target on shares of Corpay in a research note on Sunday, May 10th. Raymond James Financial reaffirmed an “outperform” rating and set a $361.00 price target on shares of Corpay in a research note on Thursday, March 5th. Finally, Wolfe Research reissued an “outperform” rating and issued a $450.00 target price on shares of Corpay in a research note on Wednesday, June 3rd. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Corpay currently has an average rating of “Moderate Buy” and a consensus target price of $383.07.

Corpay Trading Down 0.9%

Shares of CPAY stock opened at $352.76 on Tuesday. The stock has a market capitalization of $23.06 billion, a PE ratio of 21.11, a P/E/G ratio of 0.97 and a beta of 0.86. Corpay, Inc. has a 1-year low of $252.84 and a 1-year high of $367.43. The business has a 50-day moving average of $332.39 and a 200 day moving average of $321.48. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98.

Corpay (NYSE:CPAY) last issued its earnings results on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was up 25.4% compared to the same quarter last year. 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 anticipate that Corpay, Inc. will post 25.49 earnings per share for the current year.

Insider Buying and Selling

In other Corpay news, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total transaction of $360,780.00. Following the completion of the transaction, the director owned 28,241 shares of the company’s stock, valued at $10,188,787.98. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Armando Lins Netto sold 14,089 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $356.05, for a total value of $5,016,388.45. Following the transaction, the insider directly owned 18,528 shares of the company’s stock, valued at $6,596,894.40. The trade was a 43.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,201 shares of company stock valued at $6,487,377 in the last ninety days. 5.19% of the stock is currently owned by corporate insiders.

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.