California Public Employees Retirement System Buys 2,910 Shares of Corpay, Inc. $CPAY

California Public Employees Retirement System boosted its stake in shares of Corpay, Inc. (NYSE:CPAY) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,922 shares of the company’s stock after purchasing an additional 2,910 shares during the period. California Public Employees Retirement System owned about 0.18% of Corpay worth $41,452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Corpay by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company’s stock valued at $2,695,851,000 after buying an additional 251,651 shares during the last quarter. Boston Partners grew its holdings in shares of Corpay by 5.8% in the second quarter. Boston Partners now owns 2,289,271 shares of the company’s stock worth $758,536,000 after acquiring an additional 125,331 shares during the period. Invesco Ltd. increased its position in Corpay by 4.4% during the second quarter. Invesco Ltd. now owns 1,978,930 shares of the company’s stock valued at $656,649,000 after acquiring an additional 84,198 shares during the last quarter. Geode Capital Management LLC increased its position in Corpay by 3.5% during the second quarter. Geode Capital Management LLC now owns 1,871,511 shares of the company’s stock valued at $619,643,000 after acquiring an additional 63,287 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Corpay by 30.7% in the first quarter. Wellington Management Group LLP now owns 1,275,059 shares of the company’s stock valued at $444,639,000 after acquiring an additional 299,452 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

CPAY has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price target on Corpay from $445.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Wall Street Zen downgraded shares of Corpay from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. JPMorgan Chase & Co. cut their target price on shares of Corpay from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. UBS Group decreased 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Corpay in a research note on Monday. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $379.73.

Corpay Stock Up 3.8%

Shares of CPAY stock opened at $311.69 on Thursday. The company has a market capitalization of $21.81 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.06 and a beta of 0.85. Corpay, Inc. has a one year low of $252.84 and a one year high of $400.81. The company’s fifty day moving average price is $284.87 and its 200-day moving average price is $308.88. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.13 and a quick ratio of 1.13.

Corpay (NYSE:CPAY) last issued its earnings results on Wednesday, November 5th. The company reported $5.70 earnings per share for the quarter, topping the consensus estimate of $5.63 by $0.07. Corpay had a net margin of 24.37% and a return on equity of 37.83%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Corpay’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.00 EPS. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. Sell-side analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

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.