Prudential Financial Inc. Purchases 3,759 Shares of Corpay, Inc. $CPAY

Prudential Financial Inc. increased its position in shares of Corpay, Inc. (NYSE:CPAY) by 10.6% in the second quarter, Holdings Channel.com reports. The firm owned 39,261 shares of the company’s stock after purchasing an additional 3,759 shares during the quarter. Prudential Financial Inc.’s holdings in Corpay were worth $13,028,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC lifted its stake in Corpay by 56.7% in the second quarter. CVA Family Office LLC now owns 94 shares of the company’s stock worth $31,000 after purchasing an additional 34 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of Corpay during the second quarter valued at approximately $33,000. Ameritas Advisory Services LLC purchased a new stake in shares of Corpay in the second quarter worth approximately $37,000. Zions Bancorporation National Association UT purchased a new stake in shares of Corpay in the first quarter worth approximately $41,000. Finally, Allworth Financial LP lifted its stake in shares of Corpay by 37.4% during the 2nd quarter. Allworth Financial LP now owns 239 shares of the company’s stock worth $79,000 after acquiring an additional 65 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Corpay Price Performance

CPAY opened at $293.56 on Friday. The company has a market capitalization of $20.54 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.02 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.48. Corpay, Inc. has a 12-month low of $252.84 and a 12-month high of $400.81. The business’s fifty day simple moving average is $283.78 and its 200-day simple moving average is $311.68.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $5.70 earnings per share for the quarter, beating the consensus estimate of $5.63 by $0.07. Corpay had a return on equity of 39.13% and a net margin of 25.17%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company posted $5.00 earnings per share. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. On average, equities research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. UBS Group cut their price objective on Corpay from $340.00 to $315.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Williams Trading set a $300.00 target price on shares of Corpay in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Corpay in a report on Tuesday. Jefferies Financial Group reiterated a “buy” rating on shares of Corpay in a report on Monday, November 3rd. 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 six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $379.71.

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.