CenterBook Partners LP Sells 16,773 Shares of Corpay, Inc. $CPAY

CenterBook Partners LP reduced its position in Corpay, Inc. (NYSE:CPAY) by 78.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,473 shares of the company’s stock after selling 16,773 shares during the quarter. CenterBook Partners LP’s holdings in Corpay were worth $1,346,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Corpay by 6.9% in the 4th quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the company’s stock valued at $1,424,882,000 after purchasing an additional 307,355 shares during the last quarter. Syon Capital LLC boosted its stake in shares of Corpay by 49.5% in the 4th quarter. Syon Capital LLC now owns 1,289 shares of the company’s stock valued at $388,000 after purchasing an additional 427 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Corpay in the 4th quarter valued at $95,000. Havemeyer Place LP bought a new stake in Corpay in the fourth quarter worth approximately $2,571,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in Corpay by 30.9% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,946 shares of the company’s stock worth $1,187,000 after purchasing an additional 931 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Corpay Stock Performance

Shares of Corpay stock opened at $350.32 on Thursday. The firm has a market capitalization of $22.90 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 0.98 and a beta of 0.86. Corpay, Inc. has a one year low of $252.84 and a one year high of $367.43. The business has a 50-day simple moving average of $328.65 and a 200 day simple moving average of $320.11. 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 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 return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm earned $4.51 earnings per share. Corpay’s revenue for the quarter was up 25.4% on a year-over-year basis. 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, research analysts anticipate that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Corpay

In other news, 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 transaction of $5,016,388.45. Following the transaction, the insider directly owned 18,528 shares of the company’s stock, valued at $6,596,894.40. This represents a 43.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 17,201 shares of company stock worth $6,126,597 over the last quarter. 5.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CPAY. Robert W. Baird lowered their target price on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Raymond James Financial reiterated an “outperform” rating and issued a $361.00 target price on shares of Corpay in a report on Thursday, March 5th. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Morgan Stanley reiterated an “overweight” rating and issued a $400.00 target price on shares of Corpay in a report on Sunday, May 10th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $450.00 target price on shares of Corpay in a report on Wednesday, June 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.