California Public Employees Retirement System Has $36.99 Million Stock Position in Corpay, Inc $CPAY

California Public Employees Retirement System reduced its holdings in shares of Corpay, Inc (NYSE:CPAY) by 2.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 127,126 shares of the corporate payments company’s stock after selling 3,208 shares during the period. California Public Employees Retirement System’s holdings in Corpay were worth $36,992,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HB Wealth Management LLC lifted its position in shares of Corpay by 1.9% in the fourth quarter. HB Wealth Management LLC now owns 1,741 shares of the corporate payments company’s stock worth $524,000 after purchasing an additional 33 shares in the last quarter. KBC Group NV grew its position in Corpay by 0.4% in the fourth quarter. KBC Group NV now owns 9,318 shares of the corporate payments company’s stock valued at $2,804,000 after purchasing an additional 36 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Corpay by 4.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock valued at $254,000 after buying an additional 37 shares during the last quarter. Harbour Investments Inc. increased its stake in Corpay by 35.5% in the 4th quarter. Harbour Investments Inc. now owns 149 shares of the corporate payments company’s stock valued at $45,000 after buying an additional 39 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Corpay by 1.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company’s stock valued at $919,000 after buying an additional 39 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Corpay

In other Corpay news, Director Steven T. Stull sold 1,000 shares of the firm’s 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 sale, the director directly owned 28,241 shares in the company, valued at $10,188,787.98. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of Corpay 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 sale, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. The trade was 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 sold 88,677 shares of company stock worth $31,304,091. Corporate insiders own 5.19% of the company’s stock.

Corpay Trading Up 0.8%

Shares of NYSE:CPAY opened at $368.87 on Tuesday. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $374.09. The company has a market capitalization of $24.11 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 1.00 and a beta of 0.88. The company has a 50-day simple moving average of $349.53 and a 200 day simple moving average of $332.61. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. The business 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%. Sell-side analysts forecast that Corpay, Inc will post 25.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CPAY shares. Wolfe Research restated an “outperform” rating and set a $450.00 price objective on shares of Corpay in a research note on Wednesday, June 3rd. Oppenheimer restated an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. Robert W. Baird dropped their target price on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report 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. Finally, Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $382.54.

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.