OP Asset Management Ltd Takes $2.02 Million Position in Corpay, Inc $CPAY

OP Asset Management Ltd purchased a new stake in Corpay, Inc (NYSE:CPAY) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,927 shares of the corporate payments company’s stock, valued at approximately $2,016,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new stake in Corpay in the 4th quarter valued at $25,000. Leonteq Securities AG purchased a new position in shares of Corpay during the 4th quarter worth $27,000. BOKF NA boosted its position in shares of Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after acquiring an additional 94 shares during the last quarter. Torren Management LLC acquired a new position in shares of Corpay during the 4th quarter valued at about $29,000. Finally, DV Equities LLC acquired a new stake in Corpay during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

CPAY has been the topic of a number of analyst reports. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Loop Capital began coverage on shares of Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 price target for the company. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Oppenheimer reiterated an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a research report on Friday, May 8th. Finally, Robert W. Baird cut their target price on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $383.07.

Corpay Price Performance

Shares of CPAY opened at $332.65 on Monday. Corpay, Inc has a 1-year low of $252.84 and a 1-year high of $367.43. The stock has a market cap of $21.74 billion, a PE ratio of 19.91, a P/E/G ratio of 0.91 and a beta of 0.86. The firm has a 50-day simple moving average of $339.67 and a two-hundred day simple moving average of $325.34. 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 quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. The company had revenue of $5.63 million during the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. As a group, analysts forecast that Corpay, Inc will post 25.49 EPS for the current year.

Insiders Place Their Bets

In related news, 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 value of $24,816,713.88. Following the sale, the insider owned 11,274 shares in the company, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction 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 $10,188,787.98. This represents a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 88,677 shares of company stock worth $31,304,091 over the last 90 days. 5.19% of the stock is owned by insiders.

About Corpay

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.