Steamboat Capital Partners LLC Cuts Stake in Corpay, Inc $CPAY

Steamboat Capital Partners LLC lowered its holdings in Corpay, Inc (NYSE:CPAY) by 14.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,778 shares of the corporate payments company’s stock after selling 5,222 shares during the quarter. Corpay makes up 2.1% of Steamboat Capital Partners LLC’s portfolio, making the stock its 15th biggest position. Steamboat Capital Partners LLC’s holdings in Corpay were worth $9,924,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC raised its holdings in Corpay by 141.3% in the first quarter. Empowered Funds LLC now owns 5,490 shares of the corporate payments company’s stock worth $1,598,000 after purchasing an additional 3,215 shares in the last quarter. Moran Wealth Management LLC lifted its position in Corpay by 77.9% during the first quarter. Moran Wealth Management LLC now owns 37,869 shares of the corporate payments company’s stock valued at $11,020,000 after acquiring an additional 16,586 shares during the last quarter. Procyon Advisors LLC lifted 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 acquiring an additional 2,786 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Corpay in the first quarter valued at approximately $1,048,000. Finally, Anchor Capital Advisors LLC boosted its stake in Corpay by 6.9% in the fourth quarter. Anchor Capital Advisors LLC now owns 124,731 shares of the corporate payments company’s stock valued at $37,535,000 after acquiring an additional 8,094 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Transactions at Corpay

In other news, Director Steven T. Stull sold 2,357 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $413.62, for a total transaction of $974,902.34. Following the completion of the sale, the director owned 21,241 shares of the company’s stock, valued at $8,785,702.42. This represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Armando Netto sold 70,476 shares of the firm’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 completion of the transaction, the insider directly owned 11,274 shares in the company, valued at approximately $3,969,913.62. This represents a 86.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 291,336 shares of company stock valued at $116,212,228 over the last 90 days. Corporate insiders own 5.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CPAY shares. Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a research note on Sunday. Wolfe Research boosted their price target on Corpay from $475.00 to $530.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Corpay in a report on Friday, July 24th. UBS Group increased their price objective on shares of Corpay from $385.00 to $415.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Corpay from $400.00 to $470.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Corpay currently has an average rating of “Moderate Buy” and an average target price of $438.93.

Corpay Stock Performance

Shares of CPAY stock opened at $406.94 on Wednesday. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $427.46. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70. The stock has a market cap of $26.72 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 1.14 and a beta of 0.87. The business has a 50-day simple moving average of $388.31 and a 200-day simple moving average of $350.49.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, beating the consensus estimate of $6.58 by $0.42. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business earned $5.13 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. 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, equities analysts expect that Corpay, Inc will post 25.75 EPS for the current year.

Corpay Company 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.