USS Investment Management Ltd Raises Stake in Corpay, Inc $CPAY

USS Investment Management Ltd increased its position in Corpay, Inc (NYSE:CPAY) by 13.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,169 shares of the corporate payments company’s stock after buying an additional 1,629 shares during the period. USS Investment Management Ltd’s holdings in Corpay were worth $4,126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. IFM Investors Pty Ltd grew its position in shares of Corpay by 1.7% in the first quarter. IFM Investors Pty Ltd now owns 13,714 shares of the corporate payments company’s stock valued at $3,991,000 after purchasing an additional 234 shares during the period. SJS Investment Consulting Inc. lifted its position in Corpay by 150.0% during the first quarter. SJS Investment Consulting Inc. now owns 140 shares of the corporate payments company’s stock worth $41,000 after buying an additional 84 shares during the period. Lansforsakringar Fondforvaltning AB publ increased its stake in shares of Corpay by 1.3% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 20,416 shares of the corporate payments company’s stock valued at $5,941,000 after acquiring an additional 261 shares during the last quarter. Patton Fund Management Inc. lifted its holdings in shares of Corpay by 9.4% during the 1st quarter. Patton Fund Management Inc. now owns 815 shares of the corporate payments company’s stock worth $237,000 after acquiring an additional 70 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Corpay by 13.6% in the first quarter. Janney Montgomery Scott LLC now owns 7,063 shares of the corporate payments company’s stock worth $2,055,000 after acquiring an additional 845 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CPAY shares. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 price target on shares of Corpay in a research report on Friday, May 8th. Robert W. Baird lowered their price objective 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. Weiss Ratings raised Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Morgan Stanley restated an “overweight” rating and set a $400.00 price target on shares of Corpay in a research note on Sunday, May 10th. Finally, Loop Capital initiated coverage on Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 price objective on the stock. 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 a consensus rating of “Moderate Buy” and an average price target of $383.07.

Insider Activity

In related news, Director Steven T. Stull sold 1,000 shares of the business’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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $24,816,713.88. Following the transaction, the insider directly owned 11,274 shares in the company, valued at $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 88,677 shares of company stock worth $31,304,091. Company insiders own 5.19% of the company’s stock.

Corpay Stock Performance

Shares of CPAY stock opened at $352.24 on Friday. 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 company has a market cap of $23.02 billion, a PE ratio of 21.08, a P/E/G ratio of 0.96 and a beta of 0.88. The company’s fifty day simple moving average is $345.80 and its 200-day simple moving average is $327.38. Corpay, Inc has a 52 week low of $252.84 and a 52 week high of $367.43.

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. The company had revenue of $5.63 million during the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. As a group, equities research analysts anticipate that Corpay, Inc will post 25.49 EPS for the current year.

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.