Bank of New York Mellon Corp Has $99.83 Million Holdings in Corpay, Inc $CPAY

Bank of New York Mellon Corp decreased its position in shares of Corpay, Inc (NYSE:CPAY) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 343,074 shares of the corporate payments company’s stock after selling 8,074 shares during the quarter. Bank of New York Mellon Corp’s holdings in Corpay were worth $99,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Orbis Allan Gray Ltd increased its stake in Corpay by 20.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock valued at $1,501,029,000 after purchasing an additional 859,854 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 worth $1,424,882,000 after acquiring an additional 307,355 shares in the last quarter. State Street Corp increased its position in shares of Corpay by 0.8% during the third quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company’s stock worth $851,720,000 after acquiring an additional 23,470 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Corpay by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company’s stock worth $571,346,000 after acquiring an additional 19,281 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Corpay by 0.5% in the 4th 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 currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the 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 transaction, the director owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their position. 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. Company insiders own 5.19% of the company’s stock.

Corpay Price Performance

Shares of NYSE CPAY opened at $368.87 on Tuesday. The company has a market capitalization of $24.11 billion, a PE ratio of 22.07, a PEG ratio of 1.00 and a beta of 0.88. 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 stock’s 50 day moving average price is $349.53 and its 200-day moving average price is $332.61. Corpay, Inc has a twelve month low of $252.84 and a twelve month high of $374.09.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) 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 for the quarter. On average, equities analysts anticipate that Corpay, Inc will post 25.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Robert W. Baird dropped their price target 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. Morgan Stanley restated an “overweight” rating and issued a $400.00 target price on shares of Corpay in a report on Sunday, May 10th. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Loop Capital assumed coverage on shares of Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 price objective on the stock. Finally, Wolfe Research reiterated an “outperform” rating and issued a $450.00 target price on shares of Corpay in a research note on Wednesday, June 3rd. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $382.54.

About Corpay

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.