Neuberger Berman Group LLC Trims Stock Holdings in Corpay, Inc. $CPAY

Neuberger Berman Group LLC decreased its stake in shares of Corpay, Inc. (NYSE:CPAY) by 2.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 148,429 shares of the company’s stock after selling 4,196 shares during the period. Neuberger Berman Group LLC owned 0.21% of Corpay worth $49,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Corpay by 54.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,590 shares of the company’s stock valued at $3,693,000 after purchasing an additional 3,739 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Corpay by 50.1% during the 2nd quarter. Nordea Investment Management AB now owns 20,297 shares of the company’s stock valued at $6,670,000 after buying an additional 6,775 shares in the last quarter. Peak Financial Advisors LLC bought a new stake in shares of Corpay during the 2nd quarter worth $2,518,000. Czech National Bank grew its position in Corpay by 7.6% in the second quarter. Czech National Bank now owns 17,230 shares of the company’s stock worth $5,717,000 after acquiring an additional 1,219 shares in the last quarter. Finally, Capital Impact Advisors LLC bought a new position in Corpay in the first quarter valued at $8,177,000. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Oppenheimer upgraded Corpay from a “market perform” rating to an “outperform” rating and set a $380.00 price objective for the company in a report on Friday, December 5th. Jefferies Financial Group reiterated a “buy” rating on shares of Corpay in a research report on Monday, November 3rd. Williams Trading set a $300.00 price objective on shares of Corpay in a research note on Monday, November 3rd. Wall Street Zen lowered shares of Corpay from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, UBS Group reduced their price objective on Corpay from $340.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $375.43.

Corpay Price Performance

CPAY stock opened at $315.60 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.13 and a quick ratio of 1.13. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $400.81. The firm has a 50-day moving average of $285.99 and a 200 day moving average of $308.70. The company has a market cap of $22.08 billion, a P/E ratio of 21.43, a PEG ratio of 1.12 and a beta of 0.85.

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

Corpay Company Profile

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.