Armando Lins Netto Sells 70,476 Shares of Corpay (NYSE:CPAY) Stock

Corpay, Inc. (NYSE:CPAY) insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $352.13, for a total value of $24,816,713.88. Following the completion of the sale, the insider 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Armando Lins Netto also recently made the following trade(s):

• On Friday, May 29th, Armando Lins Netto sold 2,694 shares of Corpay stock. The stock was sold at an average price of $357.01, for a total value of $961,784.94.
• On Thursday, May 28th, Armando Lins Netto sold 14,089 shares of Corpay stock. The stock was sold at an average price of $356.05, for a total value of $5,016,388.45.
• On Wednesday, May 27th, Armando Lins Netto sold 418 shares of Corpay stock. The stock was sold at an average price of $355.08, for a total value of $148,423.44.

Corpay Stock Performance

Shares of CPAY opened at $353.20 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. Corpay, Inc. has a 52 week low of $252.84 and a 52 week high of $367.43. The business has a 50-day simple moving average of $334.83 and a two-hundred day simple moving average of $322.37. The stock has a market cap of $23.09 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 0.99 and a beta of 0.86.

Corpay (NYSE:CPAY) last released its earnings results on Thursday, May 7th. The company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.50 by $0.30. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the business posted $4.51 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. On average, analysts expect that Corpay, Inc. will post 25.49 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on CPAY. Wolfe Research reiterated an “outperform” rating and set a $450.00 target price on shares of Corpay in a research report on Wednesday, June 3rd. Loop Capital began coverage on Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 target price for the company. Morgan Stanley reiterated an “overweight” rating and set a $400.00 target price on shares of Corpay in a research report on Sunday, May 10th. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $383.07.

Hedge Funds Weigh In On Corpay

Institutional investors have recently added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new position in Corpay during the 4th quarter valued at approximately $25,000. Leonteq Securities AG purchased a new position in Corpay during the 4th quarter valued at approximately $27,000. Axiom Investment Management LLC purchased a new position in Corpay during the 1st quarter valued at approximately $27,000. BOKF NA grew its holdings in Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the company’s stock valued at $28,000 after buying an additional 94 shares in the last quarter. Finally, Torren Management LLC bought a new stake in shares of Corpay in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

About Corpay

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.