1,346 Shares in Corpay, Inc $CPAY Acquired by Bull Harbor Capital LLC

Bull Harbor Capital LLC purchased a new stake in Corpay, Inc (NYSE:CPAY) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,346 shares of the corporate payments company’s stock, valued at approximately $392,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in Corpay by 72.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the corporate payments company’s stock worth $684,000 after buying an additional 989 shares during the period. Empowered Funds LLC boosted its position in shares of Corpay by 141.3% in the first quarter. Empowered Funds LLC now owns 5,490 shares of the corporate payments company’s stock valued at $1,598,000 after acquiring an additional 3,215 shares during the period. Hawk Ridge Capital Management LP boosted its position in shares of Corpay by 20.5% in the first quarter. Hawk Ridge Capital Management LP now owns 532,180 shares of the corporate payments company’s stock valued at $154,859,000 after acquiring an additional 90,360 shares during the period. Quantinno Capital Management LP grew its stake in shares of Corpay by 38.6% in the first quarter. Quantinno Capital Management LP now owns 66,161 shares of the corporate payments company’s stock valued at $19,252,000 after acquiring an additional 18,422 shares in the last quarter. Finally, Spruce House Investment Management LLC grew its stake in shares of Corpay by 6.0% in the first quarter. Spruce House Investment Management LLC now owns 880,000 shares of the corporate payments company’s stock valued at $256,071,000 after acquiring an additional 50,000 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on CPAY. Wolfe Research reiterated an “outperform” rating and issued a $450.00 price objective on shares of Corpay in a research note on Wednesday, June 3rd. Loop Capital began coverage on shares of Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 target price on the stock. Morgan Stanley increased their target price on shares of Corpay from $400.00 to $415.00 and gave the stock an “overweight” rating in a research report on Tuesday. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 target price on shares of Corpay in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Corpay in a research note on Friday, July 24th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $383.69.

Insider Activity at Corpay

In related news, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the sale, the insider owned 11,274 shares in the company, valued at approximately $3,969,913.62. This trade represents a 86.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the completion of the transaction, the director directly owned 28,241 shares in the company, valued at $10,188,787.98. This trade represents a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 88,677 shares of company stock valued at $31,304,091 over the last 90 days. Corporate insiders own 5.19% of the company’s stock.

Corpay Stock Down 1.7%

CPAY stock opened at $383.56 on Friday. The company has a market cap of $25.07 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 1.06 and a beta of 0.88. The business has a 50-day simple moving average of $353.70 and a 200 day simple moving average of $336.11. Corpay, Inc has a 52 week low of $252.84 and a 52 week high of $395.49. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. The firm 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%. Sell-side analysts anticipate that Corpay, Inc will post 25.48 EPS for the current fiscal year.

Corpay 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.