Corient Private Wealth LLC Sells 3,571 Shares of Corpay, Inc $CPAY

Corient Private Wealth LLC lessened its stake in shares of Corpay, Inc (NYSE:CPAY) by 6.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 56,148 shares of the corporate payments company’s stock after selling 3,571 shares during the period. Corient Private Wealth LLC owned approximately 0.08% of Corpay worth $16,897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CPAY. Hsbc Holdings PLC increased its position in Corpay by 4.7% during the fourth quarter. Hsbc Holdings PLC now owns 132,148 shares of the corporate payments company’s stock valued at $39,864,000 after acquiring an additional 5,979 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of Corpay in the 4th quarter worth about $25,000. Invesco Ltd. lifted its holdings in shares of Corpay by 0.5% in the 4th quarter. Invesco Ltd. now owns 1,751,048 shares of the corporate payments company’s stock worth $526,943,000 after acquiring an additional 8,783 shares during the last quarter. Alberta Investment Management Corp purchased a new position in shares of Corpay during the 4th quarter worth about $1,595,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Corpay by 34.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,902 shares of the corporate payments company’s stock valued at $2,077,000 after purchasing an additional 1,766 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Corpay

In related news, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the sale, the director owned 28,241 shares in the company, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total value of $24,816,713.88. Following the completion of the sale, the insider owned 11,274 shares of the company’s stock, valued at $3,969,913.62. The trade was a 86.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 88,677 shares of company stock valued at $31,304,091 in the last ninety days. Insiders own 5.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CPAY shares. Morgan Stanley reissued an “overweight” rating and issued a $400.00 price objective on shares of Corpay in a research note on Sunday, May 10th. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Loop Capital assumed coverage on Corpay in a research note on Monday, May 18th. They set a “buy” rating and a $406.00 target price on the stock. Oppenheimer reiterated an “outperform” rating and issued a $388.00 price target on shares of Corpay in a report on Friday, May 8th. Finally, Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $383.07.

Corpay Trading Up 0.3%

CPAY stock opened at $340.44 on Wednesday. The company has a market capitalization of $22.25 billion, a PE ratio of 20.37, a P/E/G ratio of 0.95 and a beta of 0.86. Corpay, Inc has a 12 month low of $252.84 and a 12 month high of $367.43. The firm’s 50-day moving average is $339.25 and its 200 day moving average is $324.29. 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 released its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.63 million during the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. On average, research analysts anticipate that Corpay, Inc will post 25.49 EPS for the current year.

Corpay Company Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.