Elevation Point Wealth Partners LLC Invests $606,000 in Corpay, Inc $CPAY

Elevation Point Wealth Partners LLC purchased a new stake in shares of Corpay, Inc (NYSE:CPAY) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 modified their holdings of CPAY. MV Capital Management Inc. acquired a new stake in shares of Corpay during the 4th quarter worth approximately $25,000. Leonteq Securities AG purchased a new stake in shares of Corpay during the 4th quarter valued at approximately $27,000. BOKF NA lifted its holdings in Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after acquiring an additional 94 shares during the last quarter. Torren Management LLC acquired a new position in Corpay in the fourth quarter valued at approximately $29,000. Finally, DV Equities LLC purchased a new position in Corpay in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Stock Up 0.1%

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. The business’s 50 day moving average is $347.53 and its two-hundred day moving average is $329.19. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $367.43. The firm has a market cap of $23.36 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 0.98 and a beta of 0.88.

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

Analyst Upgrades and Downgrades

CPAY has been the subject of several recent analyst reports. Weiss Ratings raised Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 price target on shares of Corpay in a research note 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 reissued an “overweight” rating and set a $400.00 price objective on shares of Corpay in a research report on Sunday, May 10th. Finally, Robert W. Baird reduced their price objective on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Corpay has an average rating of “Moderate Buy” and an average target price of $383.07.

Insider Activity

In related 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 value of $24,816,713.88. Following the completion of the transaction, the insider owned 11,274 shares in the company, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was 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 of the company’s stock, valued at approximately $10,188,787.98. This trade represents a 3.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is currently owned by corporate insiders.

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.