Bank of America Corp DE Purchases 2,131 Shares of Corpay, Inc $CPAY

Bank of America Corp DE lifted its holdings in Corpay, Inc (NYSE:CPAY) by 0.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 364,102 shares of the corporate payments company’s stock after purchasing an additional 2,131 shares during the period. Bank of America Corp DE’s holdings in Corpay were worth $105,950,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Moran Wealth Management LLC boosted its stake in Corpay by 77.9% in the 1st quarter. Moran Wealth Management LLC now owns 37,869 shares of the corporate payments company’s stock worth $11,020,000 after purchasing an additional 16,586 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Corpay during the 1st quarter worth approximately $1,048,000. Procyon Advisors LLC grew its position in Corpay by 78.0% during the first 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 period. M&T Bank Corp boosted its position in Corpay by 4,657.7% during the fourth quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock worth $314,193,000 after purchasing an additional 1,022,129 shares in the last quarter. Finally, Anchor Capital Advisors LLC boosted its position in Corpay by 6.9% during the fourth quarter. Anchor Capital Advisors LLC now owns 124,731 shares of the corporate payments company’s stock worth $37,535,000 after purchasing an additional 8,094 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CPAY. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corpay in a research note on Friday, July 24th. Royal Bank Of Canada boosted their price target on shares of Corpay from $363.00 to $423.00 and gave the stock a “sector perform” rating in a report on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of Corpay from $400.00 to $470.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Corpay from $400.00 to $470.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $442.00 price target on shares of Corpay in a research note on Thursday. Twelve 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $421.08.

Insider Buying and Selling

In other news, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction 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 sale, the director directly owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction dated 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 sale, the insider owned 11,274 shares in the company, valued at $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 88,677 shares of company stock worth $31,304,091 over the last three months. Insiders own 5.19% of the company’s stock.

Corpay Stock Down 1.2%

Shares of NYSE CPAY opened at $393.42 on Friday. The stock has a market cap of $25.71 billion, a PE ratio of 23.94, a P/E/G ratio of 1.08 and a beta of 0.87. The company has a current ratio of 0.97, a quick ratio of 0.98 and a debt-to-equity ratio of 1.70. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $405.95. The company has a 50-day moving average of $358.28 and a 200 day moving average of $338.43.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, beating the consensus estimate of $6.58 by $0.42. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.13 EPS. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. As a group, sell-side analysts predict that Corpay, Inc will post 25.49 EPS for the current fiscal year.

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.