Brokerages Set Corpay, Inc (NYSE:CPAY) PT at $382.54

Corpay, Inc (NYSE:CPAY) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $382.5385.

CPAY has been the subject of a number of research reports. Oppenheimer restated an “outperform” rating and set a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Loop Capital assumed coverage on shares of Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 price target on the stock. Morgan Stanley restated an “overweight” rating and set a $400.00 price objective on shares of Corpay in a research report on Sunday, May 10th. Finally, Wolfe Research restated an “outperform” rating and set a $450.00 price objective on shares of Corpay in a report on Wednesday, June 3rd.

Corpay Price Performance

Shares of NYSE CPAY opened at $368.87 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. The business’s 50 day moving average price is $349.53 and its two-hundred day moving average price is $332.61. The company has a market cap of $24.11 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 1.00 and a beta of 0.88. Corpay has a twelve month low of $252.84 and a twelve month high of $374.09.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The business had revenue of $5.63 million during the quarter. On average, analysts predict that Corpay will post 25.49 EPS for the current year.

Insider Buying and Selling at Corpay

In other Corpay news, Director Steven T. Stull sold 1,000 shares of the stock in a transaction 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 transaction, the director owned 28,241 shares in the company, valued at $10,188,787.98. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 88,677 shares of company stock worth $31,304,091 in the last quarter. Company insiders own 5.19% of the company’s stock.

Institutional Trading of Corpay

Hedge funds and other institutional investors have recently made changes to their positions in the company. Orbis Allan Gray Ltd raised its stake in Corpay by 20.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock worth $1,501,029,000 after buying an additional 859,854 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Corpay by 6.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company’s stock worth $1,424,882,000 after acquiring an additional 307,355 shares during the period. State Street Corp raised its position in shares of Corpay by 0.8% in the 3rd quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company’s stock worth $851,720,000 after acquiring an additional 23,470 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Corpay by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company’s stock valued at $571,346,000 after purchasing an additional 19,281 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Corpay by 0.5% during the fourth quarter. Invesco Ltd. now owns 1,751,048 shares of the corporate payments company’s stock worth $526,943,000 after purchasing an additional 8,783 shares during the period. 98.84% of the stock is currently owned by institutional investors.

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.