Corpay, Inc. $CPAY Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its position in Corpay, Inc. (NYSE:CPAY) by 35.6% during the second quarter, HoldingsChannel reports. The firm owned 4,946 shares of the company’s stock after selling 2,734 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Corpay were worth $1,641,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CPAY. Atria Wealth Solutions Inc. grew its stake in shares of Corpay by 4.7% during the second quarter. Atria Wealth Solutions Inc. now owns 695 shares of the company’s stock worth $231,000 after purchasing an additional 31 shares in the last quarter. CVA Family Office LLC lifted its holdings in Corpay by 56.7% during the 2nd quarter. CVA Family Office LLC now owns 94 shares of the company’s stock worth $31,000 after buying an additional 34 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Corpay by 0.3% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 12,666 shares of the company’s stock worth $4,417,000 after acquiring an additional 35 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Corpay by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 846 shares of the company’s stock valued at $281,000 after acquiring an additional 39 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Corpay by 1.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the company’s stock valued at $919,000 after acquiring an additional 39 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Williams Trading set a $300.00 target price on Corpay in a research note on Monday, November 3rd. Keefe, Bruyette & Woods cut their price objective on shares of Corpay from $445.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. UBS Group lowered their target price on shares of Corpay from $340.00 to $315.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Corpay in a research report on Monday, December 15th. Finally, Wall Street Zen cut shares of Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Corpay has a consensus rating of “Moderate Buy” and an average price target of $375.43.

Corpay Trading Up 1.3%

NYSE:CPAY opened at $313.91 on Tuesday. Corpay, Inc. has a 12-month low of $252.84 and a 12-month high of $400.81. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.41. The stock’s 50 day simple moving average is $288.81 and its 200-day simple moving average is $307.87. The firm has a market cap of $21.96 billion, a P/E ratio of 21.31, a PEG ratio of 1.09 and a beta of 0.84.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $5.70 earnings per share for the quarter, beating analysts’ consensus estimates of $5.63 by $0.07. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Corpay had a net margin of 24.37% and a return on equity of 37.83%. Corpay’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $5.00 EPS. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. Equities analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Corpay Profile

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.