Hsbc Holdings PLC Boosts Stock Position in Corpay, Inc $CPAY

Hsbc Holdings PLC lifted its stake in shares of Corpay, Inc (NYSE:CPAY) by 4.7% in the fourth quarter, HoldingsChannel reports. The fund owned 132,148 shares of the corporate payments company’s stock after acquiring an additional 5,979 shares during the period. Hsbc Holdings PLC’s holdings in Corpay were worth $39,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in Corpay during the first quarter valued at approximately $207,000. Woodline Partners LP increased its stake in shares of Corpay by 39.3% in the first quarter. Woodline Partners LP now owns 5,890 shares of the corporate payments company’s stock worth $2,054,000 after purchasing an additional 1,661 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Corpay by 30.4% in the first quarter. Intech Investment Management LLC now owns 3,341 shares of the corporate payments company’s stock worth $1,165,000 after purchasing an additional 778 shares in the last quarter. Marshall Wace LLP raised its position in shares of Corpay by 128.6% during the 2nd quarter. Marshall Wace LLP now owns 1,600 shares of the corporate payments company’s stock valued at $531,000 after purchasing an additional 900 shares during the period. Finally, Brown Advisory Inc. lifted its stake in shares of Corpay by 16.0% during the 2nd quarter. Brown Advisory Inc. now owns 1,670 shares of the corporate payments company’s stock valued at $554,000 after buying an additional 230 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CPAY shares. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Wolfe Research restated an “outperform” rating and issued a $450.00 price objective on shares of Corpay in a research report on Wednesday, June 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 price objective on shares of Corpay in a research note on Sunday, May 10th. Raymond James Financial reiterated an “outperform” rating and set a $361.00 target price on shares of Corpay in a research report on Thursday, March 5th. Finally, Robert W. Baird decreased their target price on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.07.

Insider Activity

In related news, Director Steven T. Stull sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 88,677 shares of company stock worth $31,304,091 over the last ninety days. Insiders own 5.19% of the company’s stock.

Corpay Stock Performance

CPAY opened at $340.44 on Wednesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $22.25 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 0.95 and a beta of 0.86. The company has a fifty day moving average of $339.25 and a 200 day moving average of $324.29. Corpay, Inc has a fifty-two week low of $252.84 and a fifty-two week high of $367.43.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $5.63 million during the quarter. As a group, sell-side analysts forecast that Corpay, Inc will post 25.49 earnings per share 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.