Livforsakringsbolaget Skandia Omsesidigt Sells 8,770 Shares of Corpay, Inc $CPAY

Livforsakringsbolaget Skandia Omsesidigt decreased its position in shares of Corpay, Inc (NYSE:CPAY) by 95.3% during the first quarter, Holdings Channel reports. The fund owned 430 shares of the corporate payments company’s stock after selling 8,770 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Corpay were worth $125,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its position in shares of Corpay by 43.3% during the first quarter. Sanctuary Advisors LLC now owns 2,123 shares of the corporate payments company’s stock valued at $618,000 after purchasing an additional 641 shares in the last quarter. Checchi Capital Advisers LLC bought a new position in Corpay in the first quarter worth $226,000. Principal Financial Group Inc. raised its holdings in Corpay by 3.2% in the first quarter. Principal Financial Group Inc. now owns 81,142 shares of the corporate payments company’s stock worth $23,612,000 after purchasing an additional 2,491 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Corpay by 14.2% during the first quarter. Chicago Partners Investment Group LLC now owns 1,393 shares of the corporate payments company’s stock valued at $405,000 after buying an additional 173 shares during the period. Finally, Procyon Advisors LLC lifted its position in Corpay by 78.0% during the first quarter. Procyon Advisors LLC now owns 6,357 shares of the corporate payments company’s stock valued at $1,850,000 after buying an additional 2,786 shares during the period. Institutional investors own 98.84% of the company’s stock.

Insider Activity

In related news, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the transaction, the director owned 28,241 shares in the company, valued at $10,188,787.98. The trade was a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 11,274 shares in the company, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is owned by insiders.

Corpay Stock Up 2.1%

Shares of NYSE:CPAY opened at $363.51 on Thursday. The stock has a fifty day simple moving average of $348.93 and a two-hundred day simple moving average of $331.42. The stock has a market capitalization of $23.76 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 0.98 and a beta of 0.88. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $371.59. 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 (NYSE:CPAY) last released its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $5.63 million during the quarter. On average, research analysts anticipate that Corpay, Inc will post 25.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPAY. Robert W. Baird dropped their target price on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings upgraded shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Oppenheimer reissued an “outperform” rating and set a $388.00 price objective on shares of Corpay in a research note on Friday, May 8th. Finally, Wolfe Research restated an “outperform” rating and issued a $450.00 price objective on shares of Corpay in a report on Wednesday, June 3rd. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Corpay currently has an average rating of “Moderate Buy” and a consensus target price of $383.07.

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.