Nykredit A S bought a new stake in shares of Corpay, Inc (NYSE:CPAY – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 24,627 shares of the corporate payments company’s stock, valued at approximately $8,207,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of CPAY. Clifford Swan Investment Counsel LLC boosted its holdings in shares of Corpay by 3.0% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 49,596 shares of the corporate payments company’s stock valued at $16,529,000 after purchasing an additional 1,438 shares during the last quarter. CTC Alternative Strategies Ltd. bought a new stake in shares of Corpay in the second quarter worth about $253,000. Wedbush Securities Inc. lifted its position in shares of Corpay by 43.4% in the second quarter. Wedbush Securities Inc. now owns 1,312 shares of the corporate payments company’s stock worth $437,000 after buying an additional 397 shares in the last quarter. Greenleaf Trust lifted its position in shares of Corpay by 3.2% in the second quarter. Greenleaf Trust now owns 1,356 shares of the corporate payments company’s stock worth $452,000 after buying an additional 42 shares in the last quarter. Finally, New Mexico Educational Retirement Board lifted its position in shares of Corpay by 6.1% in the second quarter. New Mexico Educational Retirement Board now owns 3,500 shares of the corporate payments company’s stock worth $1,166,000 after buying an additional 200 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.
Insider Activity at Corpay
In related news, CEO Ronald Clarke sold 119,486 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total value of $49,276,026.40. Following the sale, the chief executive officer directly owned 2,354,330 shares of the company’s stock, valued at $970,925,692. This represents a 4.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven Stull sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $410.66, for a total transaction of $1,642,640.00. Following the completion of the sale, the director directly owned 23,598 shares of the company’s stock, valued at approximately $9,690,754.68. The trade was a 14.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 291,336 shares of company stock worth $116,212,228. Insiders own 5.19% of the company’s stock.
Corpay Stock Down 0.9%
Corpay (NYSE:CPAY – Get Free Report) last announced its earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, beating the consensus estimate of $6.58 by $0.42. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.30 billion. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.13 earnings per share. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. On average, sell-side analysts expect that Corpay, Inc will post 25.75 EPS for the current year.
Analyst Ratings Changes
CPAY has been the topic of a number of research reports. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a research note on Sunday. Wolfe Research boosted their price target on shares of Corpay from $475.00 to $530.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. increased their price objective on shares of Corpay from $400.00 to $470.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. UBS Group lifted their price objective on shares of Corpay from $385.00 to $415.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, Raymond James Financial restated an “outperform” rating and issued a $442.00 target price on shares of Corpay in a report on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $438.93.
Read Our Latest Stock Report on Corpay
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.
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