Hsbc Holdings PLC Boosts Holdings in Corpay, Inc $CPAY

Hsbc Holdings PLC increased its position in Corpay, Inc (NYSE:CPAY) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,148 shares of the corporate payments company’s stock after purchasing an additional 5,979 shares during the period. Hsbc Holdings PLC owned approximately 0.19% of Corpay worth $39,864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. MV Capital Management Inc. purchased a new stake in shares of Corpay during the fourth quarter valued at approximately $25,000. Leonteq Securities AG bought a new position in Corpay in the 4th quarter valued at approximately $27,000. BOKF NA boosted its stake in Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after purchasing an additional 94 shares during the last quarter. Torren Management LLC purchased a new stake in Corpay during the 4th quarter valued at $29,000. Finally, DV Equities LLC bought a new stake in shares of Corpay in the 4th quarter worth $30,000. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on CPAY shares. Oppenheimer reiterated an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. Robert W. Baird dropped their price target on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Loop Capital began coverage on shares of Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 price target for the company. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Finally, Raymond James Financial reissued an “outperform” rating and set a $361.00 price objective on shares of Corpay in a report on Thursday, March 5th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $383.07.

Corpay Stock Up 0.3%

Corpay stock opened at $340.44 on Wednesday. Corpay, Inc has a one year low of $252.84 and a one year high of $367.43. The stock has a fifty day moving average of $339.25 and a 200 day moving average of $324.29. 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 $22.25 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 0.95 and a beta of 0.86.

Corpay (NYSE:CPAY) last announced its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $5.63 million during the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. As a group, sell-side analysts predict that Corpay, Inc will post 25.49 EPS for the current year.

Insider Activity at Corpay

In other news, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the sale, the director directly owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 88,677 shares of company stock valued at $31,304,091 over the last 90 days. 5.19% of the stock is currently owned by company insiders.

Corpay 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.