North Dakota State Investment Board Buys Shares of 2,328 Corpay, Inc. $CPAY

North Dakota State Investment Board bought a new stake in shares of Corpay, Inc. (NYSE:CPAY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,328 shares of the company’s stock, valued at approximately $701,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. HB Wealth Management LLC increased its holdings in Corpay by 1.9% during the fourth quarter. HB Wealth Management LLC now owns 1,741 shares of the company’s stock valued at $524,000 after buying an additional 33 shares during the last quarter. KBC Group NV increased its holdings in Corpay by 0.4% during the fourth quarter. KBC Group NV now owns 9,318 shares of the company’s stock valued at $2,804,000 after buying an additional 36 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Corpay by 4.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the company’s stock valued at $254,000 after buying an additional 37 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Corpay by 1.4% during the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the company’s stock valued at $919,000 after buying an additional 39 shares during the last quarter. Finally, Hilltop Holdings Inc. increased its holdings in Corpay by 4.0% during the third quarter. Hilltop Holdings Inc. now owns 1,151 shares of the company’s stock valued at $332,000 after buying an additional 44 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPAY has been the subject of a number of analyst reports. UBS Group increased their price objective on shares of Corpay from $315.00 to $380.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Loop Capital started coverage on shares of Corpay in a research note on Monday. They issued a “buy” rating and a $406.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Corpay from $350.00 to $390.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Finally, Cantor Fitzgerald increased their price objective on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.92.

Corpay Stock Performance

CPAY opened at $347.93 on Friday. The stock has a market capitalization of $22.74 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 0.96 and a beta of 0.81. The company has a fifty day moving average of $313.32 and a 200 day moving average of $312.44. Corpay, Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $361.99. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.50 by $0.30. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Corpay had a net margin of 24.60% and a return on equity of 38.68%. Corpay’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the company posted $4.51 earnings per share. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. As a group, sell-side analysts forecast that Corpay, Inc. will post 25.49 earnings per share for the current fiscal 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.