Y Intercept Hong Kong Ltd Invests $3.66 Million in Corpay, Inc $CPAY

Y Intercept Hong Kong Ltd bought a new stake in shares of Corpay, Inc (NYSE:CPAY) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,573 shares of the corporate payments company’s stock, valued at approximately $3,659,000.

A number of other hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Corpay by 168,603.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the corporate payments company’s stock worth $448,282,000 after acquiring an additional 1,488,772 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Corpay by 4,657.7% during the 4th quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock worth $314,193,000 after acquiring an additional 1,022,129 shares in the last quarter. Norges Bank acquired a new stake in shares of Corpay in the fourth quarter worth $266,190,000. Orbis Allan Gray Ltd grew its stake in Corpay by 20.8% in the 4th 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 buying an additional 859,854 shares during the last quarter. Finally, Spruce House Investment Management LLC lifted its position in Corpay by 95.3% during the 4th quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company’s stock worth $249,772,000 after acquiring an additional 405,000 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CPAY has been the topic of several research analyst reports. Oppenheimer restated an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a research note on Friday, May 8th. 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 objective for the company. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Wolfe Research restated an “outperform” rating and set a $450.00 price objective 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 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. Based on data from MarketBeat.com, Corpay currently has an average rating of “Moderate Buy” and a consensus target price of $383.07.

Corpay Price Performance

Shares of NYSE:CPAY traded up $3.93 during midday trading on Tuesday, reaching $360.48. The company’s stock had a trading volume of 110,108 shares, compared to its average volume of 648,539. The business’s fifty day simple moving average is $346.44 and its 200-day simple moving average is $328.39. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. Corpay, Inc has a fifty-two week low of $252.84 and a fifty-two week high of $367.43. The company has a market capitalization of $23.56 billion, a P/E ratio of 21.55, a P/E/G ratio of 0.96 and a beta of 0.88.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share 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 during the quarter. As a group, equities research analysts expect that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $360,780.00. Following the completion of the transaction, the director owned 28,241 shares in the company, valued at $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is currently owned by corporate insiders.

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.