North Dakota State Investment Board Acquires Shares of 2,328 Corpay, Inc. $CPAY

North Dakota State Investment Board acquired a new stake in shares of Corpay, Inc. (NYSE:CPAY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,328 shares of the company’s stock, valued at approximately $701,000.

Several other institutional investors have also bought and sold shares of the business. Canada Post Corp Registered Pension Plan lifted its position in Corpay by 27.0% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 1,740 shares of the company’s stock valued at $524,000 after purchasing an additional 370 shares during the last quarter. DNB Asset Management AS lifted its position in Corpay by 0.6% during the fourth quarter. DNB Asset Management AS now owns 13,238 shares of the company’s stock valued at $3,984,000 after purchasing an additional 82 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Corpay by 168,603.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the company’s stock valued at $448,282,000 after purchasing an additional 1,488,772 shares during the last quarter. Allworth Financial LP lifted its position in Corpay by 77.5% during the fourth quarter. Allworth Financial LP now owns 387 shares of the company’s stock valued at $116,000 after purchasing an additional 169 shares during the last quarter. Finally, ABC Arbitrage SA bought a new position in Corpay during the fourth quarter valued at $226,000. Institutional investors own 98.84% of the company’s stock.

Corpay Trading Down 0.7%

Shares of CPAY opened at $347.93 on Friday. Corpay, Inc. has a 1-year low of $252.84 and a 1-year high of $361.99. The company has a 50-day moving average of $313.32 and a 200 day moving average of $312.44. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 0.96 and a beta of 0.81. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, May 7th. The company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.50 by $0.30. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm posted $4.51 EPS. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. On average, research analysts expect that Corpay, Inc. will post 25.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CPAY shares. Robert W. Baird lowered their price objective on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Mizuho increased their price objective on shares of Corpay from $320.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Scotiabank upgraded shares of Corpay to a “sector outperform” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Finally, Morgan Stanley restated an “overweight” rating and issued a $400.00 target price on shares of Corpay in a report on Sunday, May 10th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $377.92.

About Corpay

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.