Insider Selling: Corpay (NYSE:CPAY) Insider Sells 70,476 Shares of Stock

Corpay, Inc. (NYSE:CPAY) insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the completion of the transaction, the insider owned 11,274 shares in the company, valued at $3,969,913.62. This represents a 86.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Armando Lins Netto also recently made the following trade(s):

• On Friday, May 29th, Armando Lins Netto sold 2,694 shares of Corpay stock. The stock was sold at an average price of $357.01, for a total transaction of $961,784.94.
• On Thursday, May 28th, Armando Lins Netto sold 14,089 shares of Corpay stock. The stock was sold at an average price of $356.05, for a total transaction of $5,016,388.45.
• On Wednesday, May 27th, Armando Lins Netto sold 418 shares of Corpay stock. The stock was sold at an average price of $355.08, for a total transaction of $148,423.44.

Corpay Stock Performance

Shares of NYSE:CPAY traded up $7.39 on Tuesday, hitting $360.86. 543,302 shares of the company were exchanged, compared to its average volume of 526,056. The company’s 50 day moving average price is $333.73 and its two-hundred day moving average price is $321.95. Corpay, Inc. has a one year low of $252.84 and a one year high of $367.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $23.59 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.97 and a beta of 0.86.

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. 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 analyst estimates of $1.21 billion. During the same period in the previous year, the business earned $4.51 EPS. The firm’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. Research analysts expect that Corpay, Inc. will post 25.49 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on CPAY shares. Loop Capital began coverage on shares of Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 target price for the company. Oppenheimer reiterated an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Finally, Robert W. Baird decreased 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. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $383.07.

Institutional Trading of Corpay

A number of hedge funds have recently modified their holdings of the business. Hendershot Investments Inc. raised its position in shares of Corpay by 37.5% during the 3rd 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 period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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 in the last quarter. Vanguard Group Inc. boosted its stake 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 in the last quarter. Citigroup Inc. boosted its stake in Corpay by 35.2% during the 3rd quarter. Citigroup Inc. now owns 86,004 shares of the company’s stock valued at $24,774,000 after purchasing an additional 22,401 shares in the last quarter. Finally, Tredje AP fonden boosted its stake in shares of Corpay by 54.0% during the 3rd quarter. Tredje AP fonden now owns 8,877 shares of the company’s stock worth $2,557,000 after acquiring an additional 3,112 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

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.