Corpay, Inc $CPAY Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Corpay, Inc (NYSE:CPAY) by 13.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,922 shares of the corporate payments company’s stock after purchasing an additional 1,207 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Corpay were worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Axiom Investment Management LLC bought a new stake in shares of Corpay in the 1st quarter valued at about $27,000. Burkett Financial Services LLC purchased a new position in Corpay in the third quarter worth $30,000. Strive Financial Group LLC acquired a new position in shares of Corpay during the second quarter worth $35,000. Western Wealth Management LLC purchased a new stake in shares of Corpay during the 1st quarter valued at $36,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Corpay by 150.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 140 shares of the corporate payments company’s stock worth $41,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Stock Performance

NYSE CPAY opened at $415.17 on Friday. Corpay, Inc has a fifty-two week low of $252.84 and a fifty-two week high of $427.46. The firm has a market capitalization of $27.26 billion, a P/E ratio of 25.27, a PEG ratio of 1.12 and a beta of 0.89. The stock has a 50-day simple moving average of $404.78 and a two-hundred day simple moving average of $371.28. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, topping the consensus estimate of $6.58 by $0.42. Corpay had a return on equity of 42.18% and a net margin of 22.72%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm posted $5.13 EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. 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 forecast that Corpay, Inc will post 25.79 earnings per share for the current year.

Insiders Place Their Bets

In other Corpay news, CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total value of $49,276,026.40. Following the completion of the transaction, the chief executive officer owned 2,354,330 shares of the company’s stock, valued at approximately $970,925,692. The trade was a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven Stull sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $410.66, for a total transaction of $1,642,640.00. Following the completion of the transaction, the director owned 23,598 shares of the company’s stock, valued at approximately $9,690,754.68. This trade represents a 14.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 220,860 shares of company stock valued at $91,395,514 in the last ninety days. 5.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on CPAY. Scotiabank initiated coverage on Corpay in a research note on Wednesday, September 2nd. They set an “outperform” rating and a $536.00 target price on the stock. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. Weiss Ratings upgraded Corpay from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $442.00 price objective on shares of Corpay in a research report on Thursday, August 6th. Finally, Morgan Stanley set a $455.00 target price on Corpay in a research report on Friday, August 7th. Twelve 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $438.93.

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.