Corpay, Inc $CPAY Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Corpay, Inc (NYSE:CPAY) by 211.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,549 shares of the corporate payments company’s stock after purchasing an additional 51,273 shares during the quarter. SG Americas Securities LLC’s holdings in Corpay were worth $21,984,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CPAY. Orbis Allan Gray Ltd increased its stake in Corpay by 20.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock valued at $1,501,029,000 after purchasing an additional 859,854 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Corpay by 6.9% in the 4th quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company’s stock worth $1,424,882,000 after buying an additional 307,355 shares during the last quarter. State Street Corp boosted its holdings in shares of Corpay by 0.8% in the 3rd quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company’s stock valued at $851,720,000 after buying an additional 23,470 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Corpay by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company’s stock valued at $571,346,000 after buying an additional 19,281 shares during the period. Finally, Invesco Ltd. grew its position in shares of Corpay by 0.5% during the 4th quarter. Invesco Ltd. now owns 1,751,048 shares of the corporate payments company’s stock valued at $526,943,000 after buying an additional 8,783 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Weiss Ratings raised Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Morgan Stanley reiterated an “overweight” rating and set a $400.00 price target on shares of Corpay in a research report on Sunday, May 10th. Raymond James Financial reissued an “outperform” rating and issued a $361.00 price target on shares of Corpay in a report on Thursday, March 5th. Finally, Wolfe Research restated an “outperform” rating and set a $450.00 price objective on shares of Corpay in a research note on Wednesday, June 3rd. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $383.07.

Insider Buying and Selling

In related news, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $352.13, for a total value of $24,816,713.88. Following the completion of the transaction, the insider directly owned 11,274 shares of the company’s stock, valued at $3,969,913.62. This represents a 86.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven T. Stull sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the sale, the director owned 28,241 shares in the company, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 88,677 shares of company stock valued at $31,304,091 over the last three months. Corporate insiders own 5.19% of the company’s stock.

Corpay Trading Up 0.2%

Shares of NYSE:CPAY opened at $344.98 on Thursday. 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’s 50-day moving average price is $339.93 and its 200 day moving average price is $324.57. The company has a market cap of $22.55 billion, a PE ratio of 20.64, a P/E/G ratio of 0.93 and a beta of 0.86. Corpay, Inc has a fifty-two week low of $252.84 and a fifty-two week high of $367.43.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The firm had revenue of $5.63 million during the quarter. Sell-side analysts anticipate that Corpay, Inc will post 25.49 earnings per share for the current year.

Corpay Company Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.