11,292 Corpay, Inc $CPAY Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp raised its holdings in Corpay, Inc (NYSE:CPAY) by 115.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 21,115 shares of the corporate payments company’s stock after acquiring an additional 11,292 shares during the period. King Luther Capital Management Corp’s holdings in Corpay were worth $7,858,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC grew its position in Corpay by 141.3% during the first quarter. Empowered Funds LLC now owns 5,490 shares of the corporate payments company’s stock valued at $1,598,000 after buying an additional 3,215 shares during the period. National Pension Service raised its holdings in shares of Corpay by 49.8% during the second quarter. National Pension Service now owns 8,711 shares of the corporate payments company’s stock valued at $2,903,000 after acquiring an additional 2,894 shares during the last quarter. Nykredit A S purchased a new position in Corpay in the 2nd quarter valued at $7,473,000. Citizens Financial Group Inc. RI lifted its stake in shares of Corpay by 1,373.1% in the third quarter. Citizens Financial Group Inc. RI now owns 15,350 shares of the corporate payments company’s stock worth $5,521,000 after buying an additional 14,308 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Corpay by 6.0% in the 1st quarter. Sei Investments Co. now owns 53,542 shares of the corporate payments company’s stock worth $15,579,000 after purchasing an additional 3,053 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wolfe Research boosted their price target on shares of Corpay from $475.00 to $530.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada lifted their price objective on Corpay from $438.00 to $474.00 and gave the company a “sector perform” rating in a research note on Thursday, November 5th. UBS Group upped their target price on shares of Corpay from $415.00 to $465.00 and gave the stock a “neutral” rating in a research note on Thursday, November 5th. Scotiabank increased their price target on Corpay from $536.00 to $539.00 and gave the company a “sector outperform” rating in a research report on Thursday, November 5th. Finally, Oppenheimer raised their price objective on shares of Corpay from $454.00 to $461.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Corpay has an average rating of “Moderate Buy” and a consensus price target of $474.38.

Corpay Price Performance

Shares of CPAY opened at $455.35 on Friday. Corpay, Inc has a fifty-two week low of $271.22 and a fifty-two week high of $479.53. The firm has a 50-day simple moving average of $409.04 and a 200-day simple moving average of $362.46. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $29.13 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 1.05 and a beta of 0.94.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.20 by $0.34. Corpay had a return on equity of 46.94% and a net margin of 23.73%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $5.70 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, equities research analysts anticipate that Corpay, Inc will post 26.52 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Ronald Clarke sold 119,486 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the completion of the sale, the chief executive officer directly owned 2,354,330 shares of the company’s stock, valued at $970,925,692. This trade represents a 4.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Stull sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $410.66, for a total value of $1,642,640.00. Following the completion of the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 220,860 shares of company stock valued at $91,395,514. Company insiders own 5.19% of the company’s stock.

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.