2,081 Shares in Corpay, Inc $CPAY Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC purchased a new stake in Corpay, Inc (NYSE:CPAY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,081 shares of the corporate payments company’s stock, valued at approximately $606,000.

A number of other hedge funds have also recently bought and sold shares of CPAY. Magnetar Financial LLC boosted its stake in shares of Corpay by 546.2% during the 3rd quarter. Magnetar Financial LLC now owns 23,651 shares of the corporate payments company’s stock valued at $6,813,000 after buying an additional 19,991 shares during the last quarter. Generate Investment Management Ltd increased its stake 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 worth $36,112,000 after buying an additional 45,000 shares during the last quarter. Pensionfund Sabic acquired a new stake in Corpay in the fourth quarter valued at $1,113,000. Inceptionr LLC acquired a new stake in Corpay in the third quarter valued at $1,091,000. Finally, M&T Bank Corp boosted its stake in Corpay by 4,657.7% during the 4th quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock valued at $314,193,000 after acquiring an additional 1,022,129 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CPAY. Loop Capital began coverage on shares of Corpay in a research report on Monday, May 18th. They issued a “buy” rating and a $406.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating and set a $400.00 price target on shares of Corpay in a research report on Sunday, May 10th. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Finally, Robert W. Baird reduced their target price on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $383.07.

Corpay Price Performance

Shares of NYSE:CPAY opened at $357.40 on Wednesday. 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, Inc has a fifty-two week low of $252.84 and a fifty-two week high of $367.43. The firm has a 50-day simple moving average of $347.53 and a 200 day simple moving average of $329.19. The company has a market cap of $23.36 billion, a PE ratio of 21.39, a P/E/G ratio of 0.98 and a beta of 0.88.

Corpay (NYSE:CPAY) last issued its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The business had revenue of $5.63 million during the quarter. On average, sell-side analysts anticipate that Corpay, Inc will post 25.49 EPS for the current year.

Insider Buying and Selling

In other Corpay 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 value of $24,816,713.88. Following 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven T. Stull sold 1,000 shares of the firm’s stock in a transaction 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 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 SEC filing for this sale provides additional information. Insiders have sold a total of 88,677 shares of company stock worth $31,304,091 over the last quarter. 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.