Corpay, Inc. $CPAY Stake Boosted by Allstate Corp

Allstate Corp increased its holdings in Corpay, Inc. (NYSE:CPAY) by 84.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,328 shares of the company’s stock after buying an additional 1,985 shares during the quarter. Allstate Corp’s holdings in Corpay were worth $1,302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summitry LLC acquired a new stake in shares of Corpay during the 4th quarter valued at $382,000. Choate Investment Advisors bought a new position in Corpay during the fourth quarter valued at about $1,358,000. Clearstead Advisors LLC grew its position in shares of Corpay by 259.6% in the fourth quarter. Clearstead Advisors LLC now owns 187 shares of the company’s stock valued at $56,000 after purchasing an additional 135 shares during the last quarter. Legal & General Group Plc grew its position in shares of Corpay by 1.6% in the fourth quarter. Legal & General Group Plc now owns 368,181 shares of the company’s stock valued at $110,797,000 after purchasing an additional 5,710 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Corpay by 19.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,362 shares of the company’s stock valued at $410,000 after buying an additional 223 shares during the period. 98.84% of the stock is owned by institutional investors.

Insider Transactions at Corpay

In other Corpay news, insider Armando Lins Netto sold 14,089 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $356.05, for a total transaction of $5,016,388.45. Following the completion of the sale, the insider directly owned 18,528 shares of the company’s stock, valued at approximately $6,596,894.40. This represents a 43.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 17,201 shares of company stock worth $6,126,597. 5.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CPAY shares. Oppenheimer reiterated an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Robert W. Baird lowered their price target on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Morgan Stanley restated an “overweight” rating and set a $400.00 price objective on shares of Corpay in a research note on Sunday, May 10th. Royal Bank Of Canada upped their price target on shares of Corpay from $344.00 to $363.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Finally, UBS Group upped their price target on shares of Corpay from $315.00 to $380.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Corpay presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.92.

Corpay Stock Up 2.8%

NYSE:CPAY opened at $362.35 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $23.68 billion, a P/E ratio of 21.68, a P/E/G ratio of 0.96 and a beta of 0.81. The firm has a 50-day simple moving average of $318.29 and a two-hundred day simple moving average of $315.64. Corpay, Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $364.24.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.50 by $0.30. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $4.51 earnings per share. The firm’s revenue 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. Analysts predict that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

Corpay Company 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.