Armando Lins Netto Sells 14,089 Shares of Corpay (NYSE:CPAY) Stock

Corpay, Inc. (NYSE:CPAY) insider Armando Lins Netto sold 14,089 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $356.05, for a total value of $5,016,388.45. Following the sale, the insider directly owned 18,528 shares in the company, valued at $6,596,894.40. This trade represents a 43.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Armando Lins Netto also recently made the following trade(s):

• On Friday, May 29th, Armando Lins Netto sold 2,694 shares of Corpay stock. The stock was sold at an average price of $357.01, for a total value of $961,784.94.
• On Wednesday, May 27th, Armando Lins Netto sold 418 shares of Corpay stock. The stock was sold at an average price of $355.08, for a total value of $148,423.44.

Corpay Stock Up 2.8%

Shares of CPAY opened at $362.35 on Friday. The stock has a market capitalization of $23.68 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 0.99 and a beta of 0.81. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $364.24. The business’s 50 day simple moving average is $318.29 and its 200-day simple moving average is $315.64. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.50 by $0.30. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.51 EPS. 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, equities analysts expect that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CPAY shares. UBS Group upped their price objective on Corpay from $315.00 to $380.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Morgan Stanley reissued an “overweight” rating and set a $400.00 target price on shares of Corpay in a research report on Sunday, May 10th. Royal Bank Of Canada boosted their target price on Corpay from $344.00 to $363.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Mizuho boosted their target price on Corpay from $320.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, Loop Capital began coverage on Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 target price on the stock. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Corpay currently has an average rating of “Moderate Buy” and a consensus target price of $377.92.

Hedge Funds Weigh In On Corpay

Large investors have recently modified their holdings of the stock. MV Capital Management Inc. bought a new position in shares of Corpay during the 4th quarter valued at approximately $25,000. Leonteq Securities AG bought a new position in Corpay in the 4th quarter valued at $27,000. Axiom Investment Management LLC bought a new position in Corpay in the 1st quarter valued at $27,000. BOKF NA grew its position in Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the company’s stock valued at $28,000 after acquiring an additional 94 shares during the last quarter. Finally, Torren Management LLC bought a new position in Corpay in the 4th quarter valued at $29,000. Institutional investors own 98.84% of the company’s stock.

About Corpay

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.