GHP Investment Advisors Inc. Raises Stock Position in Corpay, Inc $CPAY

GHP Investment Advisors Inc. grew its position in Corpay, Inc (NYSE:CPAY) by 15.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,030 shares of the corporate payments company’s stock after buying an additional 2,040 shares during the period. GHP Investment Advisors Inc.’s holdings in Corpay were worth $4,374,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hendershot Investments Inc. increased its position in shares of Corpay by 37.5% during the third quarter. Hendershot Investments Inc. now owns 51,779 shares of the corporate payments company’s stock valued at $14,915,000 after acquiring an additional 14,128 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Corpay by 5.6% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 138,858 shares of the corporate payments company’s stock worth $39,999,000 after purchasing an additional 7,397 shares in the last quarter. Magnetar Financial LLC lifted its stake in Corpay by 546.2% during the third quarter. Magnetar Financial LLC now owns 23,651 shares of the corporate payments company’s stock worth $6,813,000 after purchasing an additional 19,991 shares in the last quarter. Pensionfund Sabic purchased a new position in shares of Corpay during the fourth quarter worth $1,113,000. Finally, Generate Investment Management Ltd grew its stake in shares of Corpay by 60.0% in the fourth quarter. Generate Investment Management Ltd now owns 120,000 shares of the corporate payments company’s stock valued at $36,112,000 after buying an additional 45,000 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Transactions at Corpay

In related news, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was 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. The trade was a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven T. Stull sold 1,000 shares of the company’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 value of $360,780.00. Following the completion of the transaction, the director directly owned 28,241 shares of the company’s stock, valued at $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 over the last ninety days. 5.19% of the stock is owned by company insiders.

Corpay Stock Performance

Shares of Corpay stock opened at $332.65 on Friday. The business has a 50-day simple moving average of $339.67 and a 200-day simple moving average of $325.18. The company has a market cap of $21.74 billion, a PE ratio of 19.91, a P/E/G ratio of 0.89 and a beta of 0.86. Corpay, Inc has a one year low of $252.84 and a one year high of $367.43. 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 (NYSE:CPAY) last posted its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) 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%. On average, equities research analysts forecast that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Robert W. Baird decreased their target price on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Morgan Stanley restated an “overweight” rating and issued a $400.00 price objective on shares of Corpay in a report on Sunday, May 10th. Raymond James Financial reaffirmed an “outperform” rating and set a $361.00 target price on shares of Corpay in a research note on Thursday, March 5th. Wolfe Research reissued an “outperform” rating and issued a $450.00 price target on shares of Corpay in a research report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Corpay presently has a consensus rating of “Moderate Buy” and a consensus target price of $383.07.

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.