Hsbc Holdings PLC Grows Stake in Corpay, Inc $CPAY

Hsbc Holdings PLC increased its stake in shares of Corpay, Inc (NYSE:CPAY) by 4.7% in the 4th quarter, Holdings Channel reports. The firm owned 132,148 shares of the corporate payments company’s stock after purchasing an additional 5,979 shares during the period. Hsbc Holdings PLC’s holdings in Corpay were worth $39,864,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPAY. Orbis Allan Gray Ltd boosted its holdings in Corpay by 20.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock worth $1,501,029,000 after buying an additional 859,854 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Corpay by 6.9% during the fourth quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company’s stock valued at $1,424,882,000 after acquiring an additional 307,355 shares during the last quarter. State Street Corp lifted its position in shares of Corpay by 0.8% in the third quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company’s stock valued at $851,720,000 after acquiring an additional 23,470 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Corpay by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company’s stock valued at $571,346,000 after acquiring an additional 19,281 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Corpay by 0.5% in the fourth quarter. Invesco Ltd. now owns 1,751,048 shares of the corporate payments company’s stock worth $526,943,000 after acquiring an additional 8,783 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CPAY has been the subject of several research reports. Robert W. Baird dropped their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Wolfe Research reaffirmed an “outperform” rating and set a $450.00 target price on shares of Corpay in a research note on Wednesday, June 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 target price on shares of Corpay in a report on Friday, May 8th. Finally, Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $383.07.

Insider Transactions at Corpay

In other Corpay news, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the 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 completion of 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. Insiders have sold 88,677 shares of company stock worth $31,304,091 over the last ninety days. 5.19% of the stock is owned by insiders.

Corpay Stock Up 0.0%

Shares of CPAY opened at $356.67 on Tuesday. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $367.43. The company has a market capitalization of $23.31 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.88. The stock has a fifty day simple moving average of $346.44 and a two-hundred day simple moving average of $328.39. 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 announced 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 firm had revenue of $5.63 million for the quarter. As a group, equities 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.