Saudi Central Bank Has $29.24 Million Position in Corpay, Inc $CPAY

Saudi Central Bank boosted its stake in shares of Corpay, Inc (NYSE:CPAY) by 2.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,332 shares of the corporate payments company’s stock after purchasing an additional 1,945 shares during the period. Saudi Central Bank owned about 0.12% of Corpay worth $29,242,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CPAY. Orbis Allan Gray Ltd grew its holdings in shares of Corpay by 20.8% during 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 acquiring an additional 859,854 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Corpay by 6.9% during the fourth quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company’s stock worth $1,424,882,000 after acquiring an additional 307,355 shares in the last quarter. State Street Corp boosted its position in Corpay by 0.8% during the third quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company’s stock valued at $851,720,000 after purchasing an additional 23,470 shares during the last quarter. Geode Capital Management LLC boosted its position in Corpay by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company’s stock valued at $571,346,000 after purchasing an additional 19,281 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Corpay by 0.5% in the fourth quarter. Invesco Ltd. now owns 1,751,048 shares of the corporate payments company’s stock valued at $526,943,000 after purchasing an additional 8,783 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CPAY. Royal Bank Of Canada upped their target price on Corpay from $423.00 to $438.00 and gave the stock a “sector perform” rating in a research report on Monday, August 31st. Raymond James Financial reiterated an “outperform” rating and set a $442.00 price target on shares of Corpay in a report on Thursday, August 6th. Scotiabank set a $536.00 price target on Corpay and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley set a $455.00 price objective on Corpay in a report on Friday, August 7th. Finally, Robert W. Baird set a $475.00 price objective on shares of Corpay in a research report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $438.93.

Insiders Place Their Bets

In other news, insider Armando Netto sold 70,476 shares of Corpay stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total value 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 trade represents a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven T. Stull sold 2,357 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $413.62, for a total transaction of $974,902.34. Following the completion of the sale, the director owned 21,241 shares of the company’s stock, valued at $8,785,702.42. The trade was a 9.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 291,336 shares of company stock valued at $116,212,228 over the last 90 days. 5.19% of the stock is currently owned by company insiders.

Corpay Trading Down 0.9%

Corpay stock opened at $416.09 on Friday. Corpay, Inc has a one year low of $252.84 and a one year high of $427.46. The company’s fifty day moving average price is $386.15 and its two-hundred day moving average price is $349.07. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $27.32 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.14 and a beta of 0.87.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, topping analysts’ consensus estimates of $6.58 by $0.42. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%.The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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, analysts forecast that Corpay, Inc will post 25.75 earnings per share for the current fiscal year.

Corpay 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.