Hendershot Investments Inc. Raises Holdings in Corpay, Inc $CPAY

Hendershot Investments Inc. lifted its position in shares of Corpay, Inc (NYSE:CPAY) by 21.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,258 shares of the corporate payments company’s stock after purchasing an additional 9,446 shares during the period. Corpay comprises about 2.1% of Hendershot Investments Inc.’s holdings, making the stock its 17th largest position. Hendershot Investments Inc. owned 0.08% of Corpay worth $15,498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. MV Capital Management Inc. acquired a new stake in shares of Corpay in the 4th quarter valued at about $25,000. Leonteq Securities AG purchased a new position in Corpay during the 4th quarter worth approximately $27,000. BOKF NA increased its position in Corpay by 4,700.0% during the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock worth $28,000 after buying an additional 94 shares during the period. Torren Management LLC acquired a new position in Corpay during the fourth quarter worth approximately $29,000. Finally, DV Equities LLC acquired a new position in Corpay during the fourth quarter worth approximately $30,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction 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 trade represents a 86.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven T. Stull sold 1,000 shares of Corpay 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 completion of the transaction, the director owned 28,241 shares in the company, valued at approximately $10,188,787.98. This trade represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 88,677 shares of company stock worth $31,304,091. Corporate insiders own 5.19% of the company’s stock.

Wall Street Analyst Weigh In

CPAY has been the subject of several research analyst reports. Wolfe Research reissued an “outperform” rating and issued a $450.00 price objective on shares of Corpay in a report on Wednesday, June 3rd. Loop Capital began coverage on shares of Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 target price on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 target price on shares of Corpay in a report on Friday, May 8th. Weiss Ratings upgraded shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $383.07.

Corpay Stock Performance

Shares of CPAY stock opened at $352.24 on Friday. The stock has a market capitalization of $23.02 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 0.96 and a beta of 0.88. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $367.43. The stock’s 50-day moving average price is $345.80 and its 200 day moving average price is $327.38. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86.

Corpay (NYSE:CPAY) last posted its quarterly earnings data 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 for the quarter. As a group, equities research analysts forecast 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.