Bank of New York Mellon Corp Reduces Position in Corpay, Inc. $CPAY

Bank of New York Mellon Corp trimmed its stake in Corpay, Inc. (NYSE:CPAY) by 2.3% in the third quarter, HoldingsChannel.com reports. The fund owned 358,885 shares of the company’s stock after selling 8,630 shares during the quarter. Bank of New York Mellon Corp’s holdings in Corpay were worth $103,380,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atria Wealth Solutions Inc. increased its position in Corpay by 4.7% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 695 shares of the company’s stock worth $231,000 after purchasing an additional 31 shares in the last quarter. CVA Family Office LLC boosted its stake in shares of Corpay by 56.7% during the 2nd quarter. CVA Family Office LLC now owns 94 shares of the company’s stock worth $31,000 after purchasing an additional 34 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Corpay by 4.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 846 shares of the company’s stock worth $281,000 after purchasing an additional 39 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Corpay by 1.4% during the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the company’s stock worth $919,000 after buying an additional 39 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Corpay by 19.4% in the second quarter. Blue Trust Inc. now owns 246 shares of the company’s stock valued at $82,000 after buying an additional 40 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Corpay news, Director Steven T. Stull purchased 8,000 shares of Corpay stock in a transaction on Friday, December 12th. The shares were purchased at an average cost of $314.98 per share, with a total value of $2,519,840.00. Following the completion of the transaction, the director directly owned 29,241 shares in the company, valued at approximately $9,210,330.18. This represents a 37.66% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.04% of the company’s stock.

Corpay Price Performance

Shares of Corpay stock opened at $314.71 on Monday. The stock has a market capitalization of $22.02 billion, a P/E ratio of 21.37, a PEG ratio of 0.96 and a beta of 0.82. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.41. The business’s fifty day moving average price is $311.38 and its 200 day moving average price is $304.99. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $400.81.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $5.70 EPS for the quarter, topping analysts’ consensus estimates of $5.63 by $0.07. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Corpay had a return on equity of 37.83% and a net margin of 24.37%.The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $5.00 EPS. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. As a group, research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CPAY. Oppenheimer decreased their target price on shares of Corpay from $380.00 to $369.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Royal Bank Of Canada raised their price objective on Corpay from $336.00 to $344.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. dropped their target price on Corpay from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. UBS Group decreased their price target on Corpay from $340.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Williams Trading set a $300.00 price objective on shares of Corpay in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.46.

Corpay Company Profile

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.