Corpay, Inc $CPAY Shares Acquired by USS Investment Management Ltd

USS Investment Management Ltd raised its holdings in shares of Corpay, Inc (NYSE:CPAY) by 13.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,169 shares of the corporate payments company’s stock after purchasing an additional 1,629 shares during the quarter. USS Investment Management Ltd’s holdings in Corpay were worth $4,126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPAY. HB Wealth Management LLC increased its stake in shares of Corpay by 1.9% in the fourth quarter. HB Wealth Management LLC now owns 1,741 shares of the corporate payments company’s stock worth $524,000 after acquiring an additional 33 shares during the last quarter. KBC Group NV raised its holdings in shares of Corpay by 0.4% during the fourth quarter. KBC Group NV now owns 9,318 shares of the corporate payments company’s stock worth $2,804,000 after acquiring an additional 36 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Corpay by 4.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock valued at $254,000 after purchasing an additional 37 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Corpay by 1.4% during the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company’s stock valued at $919,000 after purchasing an additional 39 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in Corpay by 35.5% in the fourth quarter. Harbour Investments Inc. now owns 149 shares of the corporate payments company’s stock valued at $45,000 after purchasing an additional 39 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay Trading Down 0.1%

Shares of NYSE:CPAY opened at $352.24 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $23.02 billion, a PE ratio of 21.08, a P/E/G ratio of 0.96 and a beta of 0.88. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $367.43. The firm has a fifty day moving average price of $345.80 and a 200 day moving average price of $327.38.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company had revenue of $5.63 million for the quarter. Analysts expect that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Insider Transactions at Corpay

In other news, Director Steven T. Stull sold 1,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Armando Lins Netto sold 70,476 shares of the firm’s 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 completion of the transaction, the insider directly owned 11,274 shares in the company, valued at $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. In the last three months, insiders have sold 88,677 shares of company stock worth $31,304,091. 5.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CPAY has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 target price on shares of Corpay in a research report on Sunday, May 10th. Loop Capital initiated coverage on Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 price target for the company. Robert W. Baird lowered their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Oppenheimer restated an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. Finally, Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $383.07.

Corpay 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.