Hsbc Holdings PLC Purchases 5,979 Shares of Corpay, Inc $CPAY

Hsbc Holdings PLC raised its position in Corpay, Inc (NYSE:CPAY) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,148 shares of the corporate payments company’s stock after purchasing an additional 5,979 shares during the quarter. Hsbc Holdings PLC owned 0.19% of Corpay worth $39,864,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Corpay during the first quarter valued at approximately $207,000. Woodline Partners LP grew its stake in shares of Corpay by 39.3% during the first quarter. Woodline Partners LP now owns 5,890 shares of the corporate payments company’s stock valued at $2,054,000 after buying an additional 1,661 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Corpay by 30.4% in the first quarter. Intech Investment Management LLC now owns 3,341 shares of the corporate payments company’s stock worth $1,165,000 after buying an additional 778 shares during the period. Marshall Wace LLP lifted its stake in shares of Corpay by 128.6% during the 2nd quarter. Marshall Wace LLP now owns 1,600 shares of the corporate payments company’s stock worth $531,000 after acquiring an additional 900 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Corpay by 16.0% during the 2nd quarter. Brown Advisory Inc. now owns 1,670 shares of the corporate payments company’s stock worth $554,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling at Corpay

In related news, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value 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. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value of $24,816,713.88. Following the completion of the sale, the insider owned 11,274 shares of the company’s stock, valued at $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 88,677 shares of company stock worth $31,304,091. Insiders own 5.19% of the company’s stock.

Wall Street Analyst Weigh In

CPAY has been the topic of several research analyst reports. Weiss Ratings raised Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Morgan Stanley reissued an “overweight” rating and set a $400.00 target price on shares of Corpay in a research note on Sunday, May 10th. Raymond James Financial restated an “outperform” rating and issued a $361.00 price target on shares of Corpay in a report on Thursday, March 5th. Finally, Robert W. Baird reduced their price target on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Corpay has an average rating of “Moderate Buy” and a consensus price target of $383.07.

Corpay Stock Up 0.3%

Shares of NYSE:CPAY opened at $340.44 on Wednesday. The business’s 50 day moving average is $339.25 and its 200 day moving average is $324.29. The stock has a market cap of $22.25 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 0.95 and a beta of 0.86. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $367.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86.

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

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.