CIBC Asset Management Inc Purchases 6,601 Shares of Corpay, Inc. $CPAY

CIBC Asset Management Inc raised its position in Corpay, Inc. (NYSE:CPAY) by 66.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,512 shares of the company’s stock after purchasing an additional 6,601 shares during the period. CIBC Asset Management Inc’s holdings in Corpay were worth $4,969,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Leonteq Securities AG bought a new position in Corpay in the 4th quarter valued at $27,000. BOKF NA boosted its holdings 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 purchasing an additional 94 shares during the period. Torren Management LLC bought a new position in Corpay in the 4th quarter valued at $29,000. Rothschild Investment LLC boosted its holdings in Corpay by 202.1% in the 4th quarter. Rothschild Investment LLC now owns 145 shares of the company’s stock valued at $44,000 after purchasing an additional 97 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in Corpay by 35.5% in the 4th quarter. Harbour Investments Inc. now owns 149 shares of the company’s stock valued at $45,000 after purchasing an additional 39 shares during the period. 98.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CPAY has been the subject of several analyst reports. Cantor Fitzgerald raised their price target on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Oppenheimer restated an “outperform” rating and set a $388.00 price objective on shares of Corpay in a research report on Friday, May 8th. Weiss Ratings upgraded shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Finally, Raymond James Financial restated an “outperform” rating and set a $361.00 price objective on shares of Corpay in a research report on Thursday, March 5th. Thirteen 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 currently has an average rating of “Moderate Buy” and a consensus target price of $383.07.

Insider Buying and Selling

In related news, insider Armando Lins Netto sold 14,089 shares of Corpay stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $356.05, for a total value of $5,016,388.45. Following the transaction, the insider owned 18,528 shares in the company, valued at $6,596,894.40. This trade represents a 43.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 17,201 shares of company stock valued at $6,126,597. 5.19% of the stock is owned by company insiders.

Corpay Stock Performance

Corpay stock opened at $348.12 on Friday. The firm’s fifty day moving average price is $324.90 and its 200-day moving average price is $318.18. 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 stock has a market cap of $22.75 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 0.95 and a beta of 0.86. Corpay, Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $367.43.

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

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.