Saudi Central Bank Acquires 1,945 Shares of Corpay, Inc $CPAY

Saudi Central Bank raised its holdings in Corpay, Inc (NYSE:CPAY) by 2.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,332 shares of the corporate payments company’s stock after buying an additional 1,945 shares during the quarter. Saudi Central Bank’s holdings in Corpay were worth $29,242,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new position in Corpay during the fourth quarter valued at about $25,000. Leonteq Securities AG acquired a new stake in shares of Corpay during the 4th quarter worth approximately $27,000. Axiom Investment Management LLC acquired a new stake in shares of Corpay during the 1st quarter worth approximately $27,000. BOKF NA increased its position in shares of Corpay by 4,700.0% during the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after purchasing an additional 94 shares during the period. Finally, DV Equities LLC bought a new stake in shares of Corpay during the fourth quarter valued at approximately $30,000. 98.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Steven Stull sold 2,357 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $413.62, for a total transaction of $974,902.34. Following the completion of the sale, the director owned 21,241 shares of the company’s stock, valued at approximately $8,785,702.42. This trade represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ronald Clarke sold 119,486 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the completion of the transaction, the chief executive officer directly owned 2,354,330 shares in the company, valued at $970,925,692. The trade was a 4.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 291,336 shares of company stock valued at $116,212,228. 5.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley set a $455.00 price objective on shares of Corpay in a research note on Friday, August 7th. UBS Group upped their target price on shares of Corpay from $385.00 to $415.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Raymond James Financial reissued an “outperform” rating and issued a $442.00 price target on shares of Corpay in a research report on Thursday, August 6th. Keefe, Bruyette & Woods raised their price target on shares of Corpay from $400.00 to $470.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Corpay from $400.00 to $470.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $438.93.

Corpay Stock Down 0.9%

Shares of NYSE CPAY opened at $416.09 on Friday. The stock has a market cap of $27.32 billion, a PE ratio of 25.33, a PEG ratio of 1.14 and a beta of 0.87. The business has a fifty day moving average of $386.15 and a two-hundred day moving average of $349.07. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $427.46. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97.

Corpay (NYSE:CPAY) last posted its earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, topping the consensus estimate of $6.58 by $0.42. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.30 billion. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.13 EPS. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. As a group, equities research analysts expect that Corpay, Inc will post 25.75 earnings per share for the current fiscal year.

Corpay Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.