Corpay, Inc. $CPAY Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of Corpay, Inc. (NYSE:CPAY) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 351,148 shares of the company’s stock after selling 7,737 shares during the quarter. Bank of New York Mellon Corp’s holdings in Corpay were worth $105,671,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPAY. Leonteq Securities AG purchased a new stake in shares of Corpay in the fourth quarter valued at approximately $27,000. BOKF NA grew its stake 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 period. Torren Management LLC purchased a new stake in Corpay in the 4th quarter worth $29,000. Rothschild Investment LLC raised its position in Corpay by 202.1% during the fourth quarter. Rothschild Investment LLC now owns 145 shares of the company’s stock worth $44,000 after acquiring an additional 97 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in Corpay by 35.5% during the fourth quarter. Harbour Investments Inc. now owns 149 shares of the company’s stock valued at $45,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Stock Performance

NYSE:CPAY opened at $348.12 on Monday. The company’s 50-day moving average is $324.90 and its two-hundred day moving average is $318.50. Corpay, Inc. has a 1-year low of $252.84 and a 1-year high of $367.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $22.75 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 0.95 and a beta of 0.86.

Corpay (NYSE:CPAY) last announced its quarterly earnings results 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. The business had revenue of $1.26 billion during 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 business’s revenue was up 25.4% compared to the same quarter last year. During the same quarter last 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. Analysts forecast that Corpay, Inc. will post 25.49 EPS for the current year.

Insider Buying and Selling

In other Corpay news, insider Armando Lins Netto sold 2,694 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $357.01, for a total transaction of $961,784.94. Following the completion of the transaction, the insider owned 15,834 shares of the company’s stock, valued at $5,652,896.34. This trade represents a 14.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 17,201 shares of company stock valued at $6,126,597 in the last quarter. 5.19% of the stock is owned by insiders.

Analyst Ratings Changes

CPAY has been the subject of several research reports. Wolfe Research reiterated an “outperform” rating and set a $450.00 price objective on shares of Corpay in a research note on Wednesday. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Oppenheimer reissued an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a research note on Friday, May 8th. Raymond James Financial restated an “outperform” rating and issued a $361.00 price objective on shares of Corpay in a report on Thursday, March 5th. Finally, Loop Capital assumed coverage on shares of Corpay in a research note on Monday, May 18th. They set a “buy” rating and a $406.00 target price on the stock. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and an average target price of $383.07.

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.