SG Americas Securities LLC Has $21.98 Million Stock Position in Corpay, Inc $CPAY

SG Americas Securities LLC raised its stake in Corpay, Inc (NYSE:CPAY) by 211.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,549 shares of the corporate payments company’s stock after acquiring an additional 51,273 shares during the quarter. SG Americas Securities LLC owned about 0.11% of Corpay worth $21,984,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new position in shares of Corpay in the fourth quarter valued at approximately $25,000. Leonteq Securities AG acquired a new stake in Corpay during the 4th quarter worth approximately $27,000. BOKF NA lifted its holdings in Corpay by 4,700.0% during the 3rd 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 bought a new stake in Corpay in the 4th quarter valued at $29,000. Finally, DV Equities LLC acquired a new position in Corpay in the 4th quarter valued at $30,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating and set a $400.00 price objective on shares of Corpay in a research report on Sunday, May 10th. Oppenheimer restated an “outperform” rating and issued a $388.00 price target on shares of Corpay in a research note on Friday, May 8th. Robert W. Baird lowered their price target on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Finally, Loop Capital initiated coverage on shares of Corpay in a research report 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 issued a Hold rating to the company. According to MarketBeat.com, Corpay presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.07.

Corpay Stock Performance

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. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $367.43. The firm has a market cap of $22.55 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 0.93 and a beta of 0.86. The business’s fifty day moving average is $339.93 and its 200-day moving average is $324.57.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) 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 during the quarter. Sell-side analysts expect that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Insider Activity

In other news, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were 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 in the company, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the sale, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. This trade represents a 86.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 88,677 shares of company stock worth $31,304,091. Insiders own 5.19% of the company’s stock.

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.