BI Asset Management Fondsmaeglerselskab A S Buys 2,084 Shares of Corpay, Inc $CPAY

BI Asset Management Fondsmaeglerselskab A S lifted its position in Corpay, Inc (NYSE:CPAY) by 52.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,030 shares of the corporate payments company’s stock after buying an additional 2,084 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Corpay were worth $1,755,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CPAY. HB Wealth Management LLC raised its stake in Corpay by 1.9% in the fourth quarter. HB Wealth Management LLC now owns 1,741 shares of the corporate payments company’s stock valued at $524,000 after purchasing an additional 33 shares in the last quarter. KBC Group NV lifted its holdings in shares of Corpay by 0.4% during the 4th quarter. KBC Group NV now owns 9,318 shares of the corporate payments company’s stock worth $2,804,000 after acquiring an additional 36 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Corpay by 4.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock worth $254,000 after acquiring an additional 37 shares during the last quarter. Harbour Investments Inc. grew its position in Corpay by 35.5% in the fourth quarter. Harbour Investments Inc. now owns 149 shares of the corporate payments company’s stock worth $45,000 after acquiring an additional 39 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Corpay by 1.4% in the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company’s stock worth $919,000 after acquiring an additional 39 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Armando Lins Netto sold 70,476 shares of the 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 transaction, the insider directly owned 11,274 shares of the company’s stock, valued at $3,969,913.62. This represents a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven T. Stull sold 1,000 shares of the stock in a transaction dated 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 transaction, the director directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 88,677 shares of company stock worth $31,304,091 in the last quarter. 5.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 price target on shares of Corpay in a research note on Friday, May 8th. Loop Capital began coverage on Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 price objective on the stock. Weiss Ratings raised Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Morgan Stanley reissued an “overweight” rating and set a $400.00 price target on shares of Corpay in a research note on Sunday, May 10th. Finally, Raymond James Financial restated an “outperform” rating and issued a $361.00 price objective on shares of Corpay in a report on Thursday, March 5th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $383.07.

Corpay Stock Performance

Corpay stock opened at $344.98 on Thursday. Corpay, Inc has a 1-year low of $252.84 and a 1-year high of $367.43. The firm has a market cap of $22.55 billion, a P/E ratio of 20.64, a P/E/G ratio of 0.93 and a beta of 0.86. 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 firm has a 50-day moving average of $339.93 and a 200-day moving average of $324.57.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $5.63 million for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. Sell-side analysts expect 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.