Brokerages Set Corpay, Inc (NYSE:CPAY) PT at $382.54

Corpay, Inc (NYSE:CPAY) has been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $382.5385.

Several equities research analysts have recently issued reports on the company. Wolfe Research reiterated an “outperform” rating and set a $450.00 price target on shares of Corpay in a report on Wednesday, June 3rd. Oppenheimer reiterated an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a research note on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating and set a $400.00 target price on shares of Corpay in a research note on Sunday, May 10th. Loop Capital started coverage on Corpay in a research report on Monday, May 18th. They issued a “buy” rating and a $406.00 price objective for the company. Finally, Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th.

Corpay Stock Down 1.9%

NYSE:CPAY opened at $359.12 on Friday. The business’s fifty day moving average price is $349.93 and its 200 day moving average price is $333.11. 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 firm has a market capitalization of $23.47 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.00 and a beta of 0.88. Corpay has a 1-year low of $252.84 and a 1-year high of $374.09.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. The company had revenue of $5.63 million for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. On average, sell-side analysts forecast that Corpay will post 25.49 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Steven T. Stull sold 1,000 shares of the stock in a transaction dated 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 owned 28,241 shares in the company, valued at $10,188,787.98. This trade represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the firm’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 transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 88,677 shares of company stock worth $31,304,091. 5.19% of the stock is owned by insiders.

Institutional Trading of Corpay

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. HB Wealth Management LLC grew its stake in Corpay by 1.9% during the fourth 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 in the last quarter. KBC Group NV raised its position in shares of Corpay by 0.4% in the 4th quarter. KBC Group NV now owns 9,318 shares of the corporate payments company’s stock valued at $2,804,000 after buying an additional 36 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Corpay by 4.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock worth $254,000 after acquiring an additional 37 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Corpay by 1.4% during the 2nd 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 during the period. Finally, Harbour Investments Inc. lifted its holdings in shares of Corpay by 35.5% during the 4th quarter. Harbour Investments Inc. now owns 149 shares of the corporate payments company’s stock worth $45,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.