Andra AP fonden Lowers Stake in Corpay, Inc $CPAY

Andra AP fonden reduced its stake in shares of Corpay, Inc (NYSE:CPAY) by 76.5% in the first quarter, HoldingsChannel.com reports. The fund owned 7,440 shares of the corporate payments company’s stock after selling 24,200 shares during the quarter. Andra AP fonden’s holdings in Corpay were worth $2,165,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. HB Wealth Management LLC lifted its position in Corpay by 1.9% in the 4th quarter. HB Wealth Management LLC now owns 1,741 shares of the corporate payments company’s stock worth $524,000 after buying an additional 33 shares during the last quarter. KBC Group NV grew its position in Corpay by 0.4% during the fourth quarter. KBC Group NV now owns 9,318 shares of the corporate payments company’s stock valued at $2,804,000 after acquiring an additional 36 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Corpay by 4.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock valued at $254,000 after acquiring an additional 37 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Corpay by 35.5% during 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 raised its stake in shares of Corpay by 1.4% during 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. Institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

CPAY has been the subject of a number of recent research reports. Oppenheimer restated an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Wolfe Research reiterated an “outperform” rating and issued a $450.00 target price on shares of Corpay in a research report on Wednesday, June 3rd. Robert W. Baird lowered their price target on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Finally, Loop Capital initiated coverage on shares of Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 price target for the company. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Corpay currently has an average rating of “Moderate Buy” and a consensus price target of $382.54.

Insider Activity at Corpay

In other Corpay news, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 28,241 shares in the company, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the company’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 value of $24,816,713.88. Following the transaction, the insider owned 11,274 shares in the company, valued at $3,969,913.62. This trade represents a 86.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 88,677 shares of company stock worth $31,304,091. Insiders own 5.19% of the company’s stock.

Corpay Trading Up 1.6%

NYSE:CPAY opened at $364.63 on Friday. The company has a 50-day moving average price of $350.25 and a 200-day moving average price of $333.33. The stock has a market cap of $23.83 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 0.98 and a beta of 0.88. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. Corpay, Inc has a 12 month low of $252.84 and a 12 month high of $374.09.

Corpay (NYSE:CPAY) last announced its quarterly 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 for the quarter. Equities 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.