Corpay (NYSE:CPAY) Stock Price Up 1.6% – Should You Buy?

Corpay, Inc (NYSE:CPAY)’s stock price traded up 1.6% during trading on Thursday . The stock traded as high as $347.69 and last traded at $350.6690. Approximately 20,697 shares were traded during trading, a decline of 97% from the average session volume of 724,721 shares. The stock had previously closed at $345.28.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Robert W. Baird reduced their price objective on 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 upgraded Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Wolfe Research reaffirmed an “outperform” rating and issued a $450.00 target price on shares of Corpay in a research report on Wednesday, June 3rd. Finally, Loop Capital initiated coverage on Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 target price on the stock. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $383.07.

Corpay Price Performance

The firm has a market capitalization of $22.92 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. The business has a fifty day moving average of $347.98 and a 200-day moving average of $329.94. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. The business 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%. On average, sell-side analysts forecast that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Insider Buying and Selling at Corpay

In other news, insider Armando Lins Netto sold 70,476 shares of the firm’s stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the sale, the director owned 28,241 shares in the company, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 88,677 shares of company stock valued at $31,304,091. Company insiders own 5.19% of the company’s stock.

Hedge Funds Weigh In On Corpay

Several large investors have recently bought and sold shares of CPAY. Northwestern Mutual Wealth Management Co. increased its stake in shares of Corpay by 168,603.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the corporate payments company’s stock valued at $448,282,000 after acquiring an additional 1,488,772 shares during the period. M&T Bank Corp raised its holdings in Corpay by 4,657.7% during the fourth quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock worth $314,193,000 after purchasing an additional 1,022,129 shares in the last quarter. Norges Bank acquired a new stake in Corpay in the fourth quarter worth approximately $266,190,000. Orbis Allan Gray Ltd lifted its position in Corpay by 20.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock worth $1,501,029,000 after purchasing an additional 859,854 shares during the period. Finally, Spruce House Investment Management LLC boosted its stake in Corpay by 95.3% during the 4th quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company’s stock valued at $249,772,000 after purchasing an additional 405,000 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.