Birch Capital Management LLC Sells 2,290 Shares of Corpay, Inc $CPAY

Birch Capital Management LLC cut its holdings in Corpay, Inc (NYSE:CPAY) by 34.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,434 shares of the corporate payments company’s stock after selling 2,290 shares during the period. Birch Capital Management LLC’s holdings in Corpay were worth $1,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CPAY. Northwestern Mutual Wealth Management Co. lifted its holdings in Corpay by 168,603.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the corporate payments company’s stock worth $448,282,000 after acquiring an additional 1,488,772 shares during the period. Norges Bank bought a new position in Corpay in the 4th quarter valued at $266,190,000. Orbis Allan Gray Ltd grew its stake in Corpay by 20.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock valued at $1,501,029,000 after purchasing an additional 859,854 shares during the period. Spruce House Investment Management LLC increased its position in shares of Corpay by 95.3% during the 4th quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company’s stock valued at $249,772,000 after purchasing an additional 405,000 shares during the last quarter. Finally, Hawk Ridge Capital Management LP purchased a new stake in shares of Corpay during the 3rd quarter valued at $106,381,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CPAY. Oppenheimer reissued an “outperform” rating and issued a $388.00 price target on shares of Corpay in a report on Friday, May 8th. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada lifted their price objective on shares of Corpay from $423.00 to $438.00 and gave the stock a “sector perform” rating in a research report on Monday. Cantor Fitzgerald lifted their price objective on shares of Corpay from $415.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, Morgan Stanley set a $455.00 target price on shares of Corpay in a research note on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $431.46.

Insider Activity at Corpay

In other Corpay news, CEO Ronald Clarke sold 119,486 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the sale, the chief executive officer directly owned 2,354,330 shares of the company’s stock, valued at $970,925,692. This represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction dated 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 directly 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 291,336 shares of company stock worth $116,212,228. Company insiders own 5.19% of the company’s stock.

Corpay Stock Performance

NYSE:CPAY opened at $404.84 on Wednesday. The company has a market capitalization of $26.58 billion, a P/E ratio of 24.64, a P/E/G ratio of 1.11 and a beta of 0.87. The business has a fifty day simple moving average of $382.38 and a two-hundred day simple moving average of $347.31. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.97. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $425.95.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 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 analysts’ expectations of $1.30 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%.The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. On average, analysts expect that Corpay, Inc will post 25.75 earnings per share for the current 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.