VELA Investment Management LLC Purchases New Shares in Corpay, Inc. $CPAY

VELA Investment Management LLC purchased a new stake in Corpay, Inc. (NYSE:CPAY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,632 shares of the company’s stock, valued at approximately $1,394,000.

Other institutional investors have also added to or reduced their stakes in the company. BOKF NA boosted its stake in Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the company’s stock valued at $28,000 after purchasing an additional 94 shares during the period. Torren Management LLC bought a new stake in Corpay in the 4th quarter valued at $29,000. Root Financial Partners LLC bought a new stake in Corpay in the 3rd quarter valued at $40,000. Board of the Pension Protection Fund bought a new stake in Corpay in the 4th quarter valued at $48,000. Finally, Advisory Services Network LLC bought a new stake in shares of Corpay during the 3rd quarter valued at $48,000. 98.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Alissa B. Vickery sold 1,701 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $358.65, for a total transaction of $610,063.65. Following the completion of the sale, the chief accounting officer owned 2,180 shares of the company’s stock, valued at $781,857. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird decreased their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Raymond James Financial reiterated an “outperform” rating and set a $361.00 price objective on shares of Corpay in a research note on Thursday, March 5th. Cantor Fitzgerald raised their target price on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Mizuho upped their price target on shares of Corpay from $320.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, UBS Group increased their price target on shares of Corpay from $315.00 to $380.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $373.92.

Corpay Price Performance

Corpay stock opened at $307.14 on Friday. The company has a market capitalization of $20.90 billion, a PE ratio of 20.42, a P/E/G ratio of 0.87 and a beta of 0.82. The stock has a 50-day moving average price of $313.01 and a two-hundred day moving average price of $307.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.70. Corpay, Inc. has a 12 month low of $252.84 and a 12 month high of $361.99.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $6.04 earnings per share for the quarter, beating the consensus estimate of $5.93 by $0.11. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Corpay had a return on equity of 37.13% and a net margin of 23.62%.The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.36 earnings per share. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS. Analysts expect that Corpay, Inc. will post 24.64 EPS for the current year.

Corpay 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.