Generate Investment Management Ltd Reduces Stock Position in Corpay, Inc $CPAY

Generate Investment Management Ltd decreased its position in Corpay, Inc (NYSE:CPAY) by 33.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 80,000 shares of the corporate payments company’s stock after selling 40,000 shares during the quarter. Corpay comprises about 1.1% of Generate Investment Management Ltd’s holdings, making the stock its 22nd largest position. Generate Investment Management Ltd owned 0.12% of Corpay worth $23,279,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd grew its holdings in shares of Corpay by 20.8% during 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 buying an additional 859,854 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Corpay by 6.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company’s stock valued at $1,424,882,000 after buying an additional 307,355 shares during the last quarter. State Street Corp lifted its stake 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 valued at $851,720,000 after buying an additional 23,470 shares during the period. Geode Capital Management LLC lifted its stake in shares of Corpay by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company’s stock valued at $571,346,000 after buying an additional 19,281 shares during the period. Finally, Invesco Ltd. boosted its position in Corpay by 0.5% during the fourth 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Loop Capital began coverage on Corpay in a research note on Monday, May 18th. They set a “buy” rating and a $406.00 price target on the stock. Robert W. Baird decreased their price objective on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Wolfe Research reaffirmed an “outperform” rating and issued a $450.00 price objective on shares of Corpay in a research report on Wednesday, June 3rd. Finally, Weiss Ratings raised Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $383.07.

Corpay Price Performance

CPAY opened at $348.06 on Tuesday. The company’s 50 day simple moving average is $338.37 and its 200 day simple moving average is $323.79. 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, Inc has a 1 year low of $252.84 and a 1 year high of $367.43. The stock has a market capitalization 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 earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company had revenue of $5.63 million during the quarter. As a group, sell-side analysts expect that Corpay, Inc will post 25.49 EPS for the current year.

Insiders Place Their Bets

In other news, Director Steven T. Stull sold 1,000 shares of the company’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 sale, the director directly owned 28,241 shares in the company, valued at $10,188,787.98. This represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction on Monday, June 15th. The stock was 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 directly owned 11,274 shares in the company, valued at $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 88,677 shares of company stock worth $31,304,091. 5.19% of the stock is owned by company 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.