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

Hendershot Investments Inc. lifted its holdings in shares of Corpay, Inc (NYSE:CPAY) by 21.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,258 shares of the corporate payments company’s stock after purchasing an additional 9,446 shares during the quarter. Corpay comprises about 2.1% of Hendershot Investments Inc.’s investment portfolio, making the stock its 17th biggest position. Hendershot Investments Inc. owned about 0.08% of Corpay worth $15,498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPAY. HB Wealth Management LLC lifted its position in Corpay by 1.9% during the fourth quarter. HB Wealth Management LLC now owns 1,741 shares of the corporate payments company’s stock worth $524,000 after buying an additional 33 shares during the period. KBC Group NV boosted its stake in Corpay by 0.4% in the 4th quarter. KBC Group NV now owns 9,318 shares of the corporate payments company’s stock worth $2,804,000 after buying an additional 36 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Corpay by 4.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock valued at $254,000 after buying an additional 37 shares during the period. Harbour Investments Inc. grew its holdings in Corpay by 35.5% in the 4th quarter. Harbour Investments Inc. now owns 149 shares of the corporate payments company’s stock valued at $45,000 after buying an additional 39 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Corpay by 1.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company’s stock valued at $919,000 after acquiring an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Transactions at Corpay

In other Corpay news, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction that occurred 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 transaction, the insider directly owned 11,274 shares of the company’s stock, valued at $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $360,780.00. Following the transaction, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 88,677 shares of company stock valued at $31,304,091 in the last quarter. Company insiders own 5.19% of the company’s stock.

Corpay Price Performance

CPAY stock opened at $352.24 on Friday. The company has a market cap 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. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. The stock has a 50-day moving average price of $345.80 and a two-hundred day moving average price of $327.38. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $367.43.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) 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, research analysts predict that Corpay, Inc will post 25.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Oppenheimer reiterated an “outperform” rating and set a $388.00 price objective 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 report on Monday, April 27th. Robert W. Baird dropped their price target on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $400.00 price target on shares of Corpay in a research note on Sunday, May 10th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $383.07.

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.