Corpay, Inc $CPAY Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Corpay, Inc (NYSE:CPAY) by 52.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,030 shares of the corporate payments company’s stock after buying an additional 2,084 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Corpay were worth $1,755,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPAY. MV Capital Management Inc. purchased a new stake in Corpay during the 4th quarter valued at about $25,000. Leonteq Securities AG purchased a new position in shares of Corpay in the fourth quarter worth about $27,000. BOKF NA raised its stake in shares of Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock worth $28,000 after purchasing an additional 94 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Corpay during the fourth quarter worth about $29,000. Finally, DV Equities LLC acquired a new stake in shares of Corpay during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CPAY shares. Robert W. Baird dropped their price objective 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 started coverage on shares of Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 price target on shares of Corpay in a report on Friday, May 8th. Morgan Stanley restated an “overweight” rating and issued a $400.00 target price on shares of Corpay in a research note on Sunday, May 10th. Finally, Wall Street Zen raised 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 given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $383.07.

Corpay Stock Performance

NYSE:CPAY opened at $344.98 on Thursday. 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 company has a fifty day moving average of $339.93 and a two-hundred day moving average of $324.57. The stock has a market capitalization of $22.55 billion, a PE ratio of 20.64, a P/E/G ratio of 0.93 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 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company had revenue of $5.63 million for the quarter. As a group, research analysts forecast that Corpay, Inc will post 25.49 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Steven T. Stull sold 1,000 shares of the stock in a transaction 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 transaction, the director directly owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction 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 transaction, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. This represents a 86.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 88,677 shares of company stock valued at $31,304,091. Insiders own 5.19% of the company’s stock.

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.