Armando Lins Netto Sells 2,694 Shares of Corpay (NYSE:CPAY) Stock

Corpay, Inc. (NYSE:CPAY) insider Armando Lins Netto sold 2,694 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $357.01, for a total value of $961,784.94. Following the completion of the sale, the insider directly owned 15,834 shares of the company’s stock, valued at approximately $5,652,896.34. This trade represents a 14.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, May 28th, Armando Lins Netto sold 14,089 shares of Corpay stock. The shares were sold at an average price of $356.05, for a total value of $5,016,388.45.
• On Wednesday, May 27th, Armando Lins Netto sold 418 shares of Corpay stock. The shares were sold at an average price of $355.08, for a total value of $148,423.44.

Corpay Stock Up 2.8%

Shares of Corpay stock 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. Corpay, Inc. has a 52-week low of $252.84 and a 52-week high of $364.24. The company’s 50 day moving average price is $318.29 and its 200-day moving average price is $315.64. The stock has a market capitalization of $23.68 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 0.99 and a beta of 0.81.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. JPMorgan Chase & Co. raised their price target on Corpay from $350.00 to $390.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. UBS Group lifted their price target on shares of Corpay from $315.00 to $380.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Raymond James Financial reiterated an “outperform” rating and issued a $361.00 price target on shares of Corpay in a report on Thursday, March 5th. Finally, Loop Capital assumed coverage on shares of Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 price target on the stock. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $377.92.

Institutional Trading of Corpay

Large investors have recently added to or reduced their stakes in the stock. MV Capital Management Inc. bought a new stake in Corpay in the fourth quarter valued at $25,000. Leonteq Securities AG purchased a new position in Corpay during the fourth quarter valued at $27,000. Axiom Investment Management LLC purchased a new position in Corpay during the first quarter valued at $27,000. BOKF NA lifted its position in Corpay by 4,700.0% during the third quarter. BOKF NA now owns 96 shares of the company’s stock valued at $28,000 after buying an additional 94 shares during the period. Finally, Torren Management LLC purchased a new position in Corpay during the fourth 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.