Choate Investment Advisors Purchases Shares of 4,514 Corpay, Inc. $CPAY

Choate Investment Advisors purchased a new stake in Corpay, Inc. (NYSE:CPAY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,514 shares of the company’s stock, valued at approximately $1,358,000.

Other large investors have also recently bought and sold shares of the company. Hussman Strategic Advisors Inc. grew its position in Corpay by 100.0% in the third quarter. Hussman Strategic Advisors Inc. now owns 8,400 shares of the company’s stock valued at $2,420,000 after acquiring an additional 4,200 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Corpay by 5.6% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 138,858 shares of the company’s stock worth $39,999,000 after purchasing an additional 7,397 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Corpay by 0.7% during the third quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock worth $2,357,100,000 after purchasing an additional 58,235 shares during the last quarter. Hendershot Investments Inc. grew its holdings in shares of Corpay by 37.5% during the third quarter. Hendershot Investments Inc. now owns 51,779 shares of the company’s stock worth $14,915,000 after purchasing an additional 14,128 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of Corpay by 35.2% in the third quarter. Citigroup Inc. now owns 86,004 shares of the company’s stock valued at $24,774,000 after buying an additional 22,401 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Corpay Stock Performance

Shares of NYSE:CPAY opened at $347.58 on Tuesday. 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, Inc. has a twelve month low of $252.84 and a twelve month high of $361.99. The firm has a market cap of $22.72 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 0.95 and a beta of 0.81. The business has a fifty day moving average of $314.18 and a 200-day moving average of $313.63.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Thursday, May 7th. The company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.50 by $0.30. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the firm posted $4.51 earnings per share. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. On average, equities research analysts predict that Corpay, Inc. will post 25.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Oppenheimer restated an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. UBS Group raised their target price on Corpay from $315.00 to $380.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Loop Capital assumed coverage on Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 target price for the company. Cantor Fitzgerald raised their target price on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Finally, Raymond James Financial restated an “outperform” rating and issued a $361.00 target price on shares of Corpay in a research note on Thursday, March 5th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $377.92.

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.