Corpay, Inc (NYSE:CPAY) Receives Average Rating of “Moderate Buy” from Analysts

Corpay, Inc (NYSE:CPAY) has been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $383.0714.

A number of analysts have weighed in on CPAY shares. Oppenheimer restated an “outperform” rating and issued a $388.00 price target on shares of Corpay in a research note on Friday, May 8th. Robert W. Baird lowered 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. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Loop Capital began coverage on Corpay in a research note on Monday, May 18th. They set a “buy” rating and a $406.00 target price for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 price target on shares of Corpay in a report on Sunday, May 10th.

Corpay Trading Up 0.3%

Shares of NYSE:CPAY opened at $348.06 on Tuesday. Corpay has a 52 week low of $252.84 and a 52 week high of $367.43. The company’s 50 day moving average is $338.37 and its two-hundred day moving average is $323.79. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. The company has a market cap of $22.75 billion, a PE ratio of 20.83, a P/E/G ratio of 0.95 and a beta of 0.86.

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

Insider Activity at Corpay

In other news, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction that occurred on 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 owned 28,241 shares in the company, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction on 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 transaction, the insider 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 88,677 shares of company stock valued at $31,304,091 in the last 90 days. Insiders own 5.19% of the company’s stock.

Hedge Funds Weigh In On Corpay

Several hedge funds have recently made changes to their positions in the company. MV Capital Management Inc. acquired a new stake in shares of Corpay during the fourth quarter worth about $25,000. Leonteq Securities AG acquired a new stake in shares of Corpay in the 4th quarter valued at about $27,000. Axiom Investment Management LLC purchased a new position in Corpay during the 1st quarter worth approximately $27,000. BOKF NA increased its position in Corpay by 4,700.0% during the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock worth $28,000 after buying an additional 94 shares during the period. Finally, Torren Management LLC acquired a new position in Corpay during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.