Geode Capital Management LLC Buys 19,281 Shares of Corpay, Inc. $CPAY

Geode Capital Management LLC grew its stake in shares of Corpay, Inc. (NYSE:CPAY) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,905,526 shares of the company’s stock after buying an additional 19,281 shares during the quarter. Geode Capital Management LLC owned approximately 2.72% of Corpay worth $571,346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Leonteq Securities AG bought a new stake in shares of Corpay during the fourth quarter worth $27,000. BOKF NA grew its stake in shares of Corpay by 4,700.0% during the third quarter. BOKF NA now owns 96 shares of the company’s stock worth $28,000 after buying an additional 94 shares during the last quarter. Torren Management LLC bought a new stake in shares of Corpay in the fourth quarter worth $29,000. Harbour Investments Inc. grew its stake in shares of Corpay by 35.5% in the fourth quarter. Harbour Investments Inc. now owns 149 shares of the company’s stock worth $45,000 after purchasing an additional 39 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in shares of Corpay in the fourth quarter worth $48,000. Institutional investors own 98.84% of the company’s stock.

Corpay Trading Up 2.8%

CPAY opened at $362.35 on Friday. 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, Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $364.24. The firm has a market capitalization of $23.68 billion, a PE ratio of 21.68, a P/E/G ratio of 0.99 and a beta of 0.81. The company’s 50-day moving average is $318.29 and its 200 day moving average is $315.64.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, May 7th. The company reported $5.80 earnings per share 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 analyst estimates of $1.21 billion. During the same quarter in the prior year, the business posted $4.51 EPS. 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. As a group, research analysts predict that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Corpay

In related news, insider Armando Lins Netto sold 2,694 shares of the company’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 sale, the insider owned 15,834 shares in the company, valued at $5,652,896.34. This represents a 14.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders have sold 17,201 shares of company stock valued at $6,126,597. Corporate insiders own 5.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CPAY. JPMorgan Chase & Co. boosted 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. Loop Capital started coverage on shares of Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 target price on the stock. Cantor Fitzgerald upped their price objective on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Oppenheimer reiterated an “outperform” rating and set a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Corpay from $344.00 to $363.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Corpay has a consensus rating of “Moderate Buy” and an average price target 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.