Bessemer Group Inc. Decreases Stake in Corpay, Inc $CPAY

Bessemer Group Inc. cut its position in shares of Corpay, Inc (NYSE:CPAY) by 28.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,900 shares of the corporate payments company’s stock after selling 1,560 shares during the period. Bessemer Group Inc.’s holdings in Corpay were worth $1,135,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new stake in shares of Corpay during the 4th quarter worth approximately $25,000. Leonteq Securities AG bought a new stake in Corpay in the fourth quarter worth $27,000. BOKF NA increased its position in Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock worth $28,000 after purchasing an additional 94 shares during the last quarter. Torren Management LLC purchased a new stake in Corpay during the fourth quarter valued at $29,000. Finally, DV Equities LLC bought a new position in Corpay during the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CPAY shares. 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 raised Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Wolfe Research restated an “outperform” rating and set a $450.00 price target on shares of Corpay in a report on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating and issued a $400.00 price target on shares of Corpay in a research report on Sunday, May 10th. Finally, Loop Capital initiated coverage on shares of Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $382.54.

Insider Transactions at Corpay

In related news, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction dated 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 owned 11,274 shares in the company, valued at $3,969,913.62. This trade represents a 86.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $360,780.00. Following the completion of the sale, the director directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 88,677 shares of company stock valued at $31,304,091 in the last quarter. 5.19% of the stock is currently owned by company insiders.

Corpay Price Performance

Shares of CPAY stock opened at $364.63 on Friday. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $374.09. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $23.83 billion, a P/E ratio of 21.82, a P/E/G ratio of 0.98 and a beta of 0.88. The stock has a 50 day moving average price of $350.25 and a 200 day moving average price of $333.33.

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