3,600 Shares in Corpay, Inc $CPAY Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Corpay, Inc (NYSE:CPAY) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,600 shares of the corporate payments company’s stock, valued at approximately $1,048,000.

Several other institutional investors have also recently bought and sold shares of CPAY. Integrated Wealth Concepts LLC bought a new position in Corpay in the 1st quarter valued at approximately $207,000. Woodline Partners LP increased its holdings in shares of Corpay by 39.3% during the first quarter. Woodline Partners LP now owns 5,890 shares of the corporate payments company’s stock worth $2,054,000 after buying an additional 1,661 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Corpay by 30.4% in the 1st quarter. Intech Investment Management LLC now owns 3,341 shares of the corporate payments company’s stock valued at $1,165,000 after acquiring an additional 778 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Corpay by 128.6% during the 2nd quarter. Marshall Wace LLP now owns 1,600 shares of the corporate payments company’s stock valued at $531,000 after acquiring an additional 900 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of Corpay by 16.0% during the 2nd quarter. Brown Advisory Inc. now owns 1,670 shares of the corporate payments company’s stock valued at $554,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Down 0.1%

Shares of CPAY opened at $352.24 on Friday. The company has a market capitalization of $23.02 billion, a PE ratio of 21.08, a PEG ratio of 0.96 and a beta of 0.88. Corpay, Inc has a 12 month low of $252.84 and a 12 month high of $367.43. The stock’s 50-day moving average price is $345.80 and its two-hundred day moving average price is $327.50. 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 (NYSE:CPAY) last issued its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share 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. On average, analysts anticipate that Corpay, Inc will post 25.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research report on Friday, May 8th. Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 price objective on shares of Corpay in a research note on Sunday, May 10th. Robert W. Baird cut their target price 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. Finally, Wolfe Research reissued an “outperform” rating and set a $450.00 target price on shares of Corpay in a report on Wednesday, June 3rd. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Corpay has a consensus rating of “Moderate Buy” and an average target price of $383.07.

Insider Buying and Selling

In other Corpay news, Director Steven T. Stull sold 1,000 shares of the firm’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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the insider owned 11,274 shares in the company, valued at $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. Insiders have sold a total of 88,677 shares of company stock valued at $31,304,091 in the last three months. 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.