Corpay, Inc. $CPAY Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in shares of Corpay, Inc. (NYSE:CPAY) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,419 shares of the company’s stock after selling 1,512 shares during the quarter. Truist Financial Corp’s holdings in Corpay were worth $1,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Corpay by 0.7% in the third quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock valued at $2,357,100,000 after buying an additional 58,235 shares during the last quarter. Orbis Allan Gray Ltd lifted its position in Corpay by 3.3% in the second quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company’s stock valued at $1,279,362,000 after buying an additional 124,368 shares during the last quarter. State Street Corp lifted its position in Corpay by 0.8% in the third quarter. State Street Corp now owns 2,956,744 shares of the company’s stock valued at $851,720,000 after buying an additional 23,470 shares during the last quarter. M&T Bank Corp lifted its position in Corpay by 4,657.7% in the fourth quarter. M&T Bank Corp now owns 1,044,074 shares of the company’s stock valued at $314,193,000 after buying an additional 1,022,129 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Corpay by 54.9% in the third quarter. Wellington Management Group LLP now owns 631,496 shares of the company’s stock valued at $181,909,000 after buying an additional 223,704 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Down 2.2%

Shares of CPAY opened at $330.92 on Thursday. The stock has a market capitalization of $21.63 billion, a PE ratio of 19.80, a P/E/G ratio of 0.95 and a beta of 0.81. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $361.99. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day simple moving average is $311.53 and its 200-day simple moving average is $309.56.

Corpay (NYSE:CPAY) last issued its quarterly 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. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The business’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.51 earnings per share. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. Analysts forecast that Corpay, Inc. will post 24.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Scotiabank raised shares of Corpay to a “sector outperform” rating in a research report on Monday, January 26th. Mizuho increased their price target on shares of Corpay from $320.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of Corpay from $350.00 to $390.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $375.58.

Corpay Company 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.