Lazard Asset Management LLC Raises Position in Corpay, Inc $CPAY

Lazard Asset Management LLC lifted its stake in shares of Corpay, Inc (NYSE:CPAY) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 158,670 shares of the corporate payments company’s stock after buying an additional 1,530 shares during the quarter. Lazard Asset Management LLC owned 0.24% of Corpay worth $46,171,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Moran Wealth Management LLC grew its holdings in Corpay by 77.9% during the 1st quarter. Moran Wealth Management LLC now owns 37,869 shares of the corporate payments company’s stock valued at $11,020,000 after purchasing an additional 16,586 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Corpay in the 1st quarter worth $1,048,000. M&T Bank Corp lifted its holdings in Corpay by 4,657.7% in the 4th quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock worth $314,193,000 after buying an additional 1,022,129 shares in the last quarter. Procyon Advisors LLC boosted its position in Corpay by 78.0% in the 1st quarter. Procyon Advisors LLC now owns 6,357 shares of the corporate payments company’s stock valued at $1,850,000 after buying an additional 2,786 shares during the last quarter. Finally, Anchor Capital Advisors LLC boosted its position in Corpay by 6.9% in the 4th quarter. Anchor Capital Advisors LLC now owns 124,731 shares of the corporate payments company’s stock valued at $37,535,000 after buying an additional 8,094 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Price Performance

CPAY opened at $380.02 on Tuesday. The company has a market capitalization of $24.84 billion, a P/E ratio of 22.74, a PEG ratio of 1.01 and a beta of 0.88. The company has a 50-day moving average of $351.11 and a 200-day moving average of $334.28. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. Corpay, Inc has a 1-year low of $252.84 and a 1-year high of $382.78.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. The company had revenue of $5.63 million for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. Equities analysts expect that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Insider Activity at Corpay

In other news, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the transaction, the director owned 28,241 shares in the company, valued at approximately $10,188,787.98. This trade represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total value of $24,816,713.88. Following the completion of the sale, the insider owned 11,274 shares of the company’s stock, valued at $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. 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 in the last 90 days. 5.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Loop Capital started coverage on Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 target price on the stock. Robert W. Baird lowered their price objective on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Wolfe Research restated an “outperform” rating and set a $450.00 price objective on shares of Corpay in a report on Wednesday, June 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Corpay in a research note on Friday. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $382.54.

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.