Corpay, Inc $CPAY Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Corpay, Inc (NYSE:CPAY) by 66.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 21,892 shares of the corporate payments company’s stock after buying an additional 8,740 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Corpay were worth $6,370,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Orbis Allan Gray Ltd raised 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 valued at $1,501,029,000 after acquiring an additional 859,854 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Corpay by 6.9% in the 4th quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company’s stock valued at $1,424,882,000 after purchasing an additional 307,355 shares during the last quarter. State Street Corp lifted its holdings in Corpay by 0.8% in the 3rd quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company’s stock valued at $851,720,000 after purchasing an additional 23,470 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Corpay by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company’s stock valued at $571,346,000 after purchasing an additional 19,281 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Corpay by 0.5% during the 4th quarter. Invesco Ltd. now owns 1,751,048 shares of the corporate payments company’s stock worth $526,943,000 after purchasing an additional 8,783 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Steven T. Stull sold 1,000 shares of the 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 sale, the director owned 28,241 shares of the company’s stock, 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 hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of the firm’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 sale, the insider owned 11,274 shares of the company’s stock, valued at $3,969,913.62. This represents a 86.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 88,677 shares of company stock worth $31,304,091 over the last quarter. 5.19% of the stock is currently owned by company insiders.

Corpay Trading Down 0.1%

Shares of CPAY stock opened at $352.24 on Monday. The company’s 50-day moving average price is $345.80 and its 200-day moving average price is $327.64. 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 stock has a market cap of $23.02 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 0.96 and a beta of 0.88. Corpay, Inc has a twelve month low of $252.84 and a twelve month high of $367.43.

Corpay (NYSE:CPAY) last announced its quarterly earnings data 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 firm had revenue of $5.63 million during the quarter. As a group, equities analysts predict that Corpay, Inc will post 25.49 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CPAY shares. Morgan Stanley reaffirmed an “overweight” rating and set a $400.00 target price on shares of Corpay in a report on Sunday, May 10th. Loop Capital began coverage on shares of Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 price target on the stock. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Wolfe Research reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Corpay in a research note on Wednesday, June 3rd. Finally, Weiss Ratings upgraded shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Corpay presently has an average 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.