OP Asset Management Ltd Makes New $2.02 Million Investment in Corpay, Inc $CPAY

OP Asset Management Ltd acquired a new stake in shares of Corpay, Inc (NYSE:CPAY) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,927 shares of the corporate payments company’s stock, valued at approximately $2,016,000.

Other institutional investors have also made changes to their positions in the company. Hendershot Investments Inc. grew its position in Corpay by 37.5% during the 3rd quarter. Hendershot Investments Inc. now owns 51,779 shares of the corporate payments company’s stock worth $14,915,000 after purchasing an additional 14,128 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Corpay by 5.6% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 138,858 shares of the corporate payments company’s stock valued at $39,999,000 after purchasing an additional 7,397 shares during the period. Magnetar Financial LLC lifted its holdings in shares of Corpay by 546.2% in the third quarter. Magnetar Financial LLC now owns 23,651 shares of the corporate payments company’s stock valued at $6,813,000 after purchasing an additional 19,991 shares in the last quarter. Generate Investment Management Ltd lifted its holdings in shares of Corpay by 60.0% in the fourth quarter. Generate Investment Management Ltd now owns 120,000 shares of the corporate payments company’s stock valued at $36,112,000 after purchasing an additional 45,000 shares in the last quarter. Finally, Pensionfund Sabic acquired a new stake in shares of Corpay in the fourth quarter worth $1,113,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CPAY shares. Robert W. Baird lowered their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. 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. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Loop Capital initiated coverage on Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 target price on the stock. Finally, Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $383.07.

Insider Activity at Corpay

In other Corpay news, Director Steven T. Stull sold 1,000 shares of Corpay 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 sale, the director directly owned 28,241 shares in the company, valued at $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was 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 directly owned 11,274 shares of the company’s stock, valued at $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 ninety days, insiders have sold 88,677 shares of company stock worth $31,304,091. Insiders own 5.19% of the company’s stock.

Corpay Price Performance

CPAY opened at $332.65 on Monday. The stock has a fifty day moving average price of $339.67 and a 200 day moving average price of $325.34. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $367.43. The stock has a market cap of $21.74 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 0.91 and a beta of 0.86.

Corpay (NYSE:CPAY) last issued its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share 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%. Analysts forecast that Corpay, Inc will post 25.49 EPS for the current fiscal year.

About Corpay

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.