Franklin Resources Inc. Increases Stock Position in Corpay, Inc. $CPAY

Franklin Resources Inc. raised its position in Corpay, Inc. (NYSE:CPAY) by 10.6% during the second quarter, Holdings Channel.com reports. The fund owned 18,768 shares of the company’s stock after purchasing an additional 1,799 shares during the quarter. Franklin Resources Inc.’s holdings in Corpay were worth $6,228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Corpay by 3.2% during the second quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company’s stock worth $2,695,851,000 after purchasing an additional 251,651 shares during the period. JPMorgan Chase & Co. raised its position in Corpay by 11.1% during the 1st quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock valued at $1,648,970,000 after purchasing an additional 472,147 shares during the last quarter. Boston Partners lifted its holdings in Corpay by 5.5% in the 2nd quarter. Boston Partners now owns 2,283,730 shares of the company’s stock worth $756,697,000 after buying an additional 119,790 shares during the period. Invesco Ltd. lifted its holdings in Corpay by 12.3% in the 1st quarter. Invesco Ltd. now owns 1,894,732 shares of the company’s stock worth $660,731,000 after buying an additional 208,067 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Corpay by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,871,511 shares of the company’s stock worth $619,643,000 after buying an additional 63,287 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

Corpay Stock Performance

Shares of CPAY stock opened at $295.80 on Monday. The company’s fifty day moving average price is $283.66 and its 200-day moving average price is $310.70. The stock has a market cap of $20.69 billion, a PE ratio of 20.10, a price-to-earnings-growth 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.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley decreased their target price on Corpay from $360.00 to $356.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Raymond James Financial set a $392.00 price objective on shares of Corpay and gave the company an “outperform” rating in a research report on Thursday, August 7th. Keefe, Bruyette & Woods decreased their price objective on shares of Corpay from $445.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Corpay in a research note on Monday, November 3rd. Finally, UBS Group reduced their price target on shares of Corpay from $340.00 to $315.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $379.71.

Corpay 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.