Handelsbanken Fonder AB Has $6.15 Million Stake in Corpay, Inc $CPAY

Handelsbanken Fonder AB reduced its stake in shares of Corpay, Inc (NYSE:CPAY) by 22.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 18,448 shares of the corporate payments company’s stock after selling 5,308 shares during the quarter. Handelsbanken Fonder AB’s holdings in Corpay were worth $6,148,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fulton Bank N.A. boosted its stake in shares of Corpay by 10.4% during the 2nd quarter. Fulton Bank N.A. now owns 1,772 shares of the corporate payments company’s stock worth $591,000 after acquiring an additional 167 shares in the last quarter. Vista Investment Partners LLC bought a new position in shares of Corpay in the 2nd quarter valued at approximately $4,391,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Corpay by 4.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,472 shares of the corporate payments company’s stock valued at $824,000 after acquiring an additional 112 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Corpay by 303.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 36,497 shares of the corporate payments company’s stock worth $12,163,000 after purchasing an additional 27,451 shares during the last quarter. Finally, 180 Wealth Advisors LLC lifted its holdings in Corpay by 20.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 915 shares of the corporate payments company’s stock worth $305,000 after purchasing an additional 156 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Activity at Corpay

In other news, insider Armando Lins Netto sold 70,476 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total transaction 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. The trade was a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 88,677 shares of company stock valued at $31,304,091 over the last three months. 5.19% of the stock is owned by company insiders.

Corpay Price Performance

NYSE CPAY opened at $418.01 on Friday. The stock has a 50-day simple moving average of $365.58 and a 200 day simple moving average of $340.94. Corpay, Inc has a twelve month low of $252.84 and a twelve month high of $425.95. The stock has a market capitalization of $27.45 billion, a PE ratio of 25.44, a P/E/G ratio of 1.17 and a beta of 0.87. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.98 and a current ratio of 0.97.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $0.42. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.30 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%.The company’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm 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. Research analysts anticipate that Corpay, Inc will post 25.75 EPS for the current year.

Wall Street Analysts Forecast Growth

CPAY has been the topic of several analyst reports. Royal Bank Of Canada increased their price target on Corpay from $363.00 to $423.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Corpay from $400.00 to $470.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Robert W. Baird set a $475.00 price objective on shares of Corpay in a research note on Thursday, August 6th. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Corpay from $400.00 to $470.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Corpay has an average rating of “Moderate Buy” and a consensus price target of $426.08.

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.