CenterBook Partners LP Has $1.35 Million Stake in Corpay, Inc. $CPAY

CenterBook Partners LP trimmed its position in shares of Corpay, Inc. (NYSE:CPAY) by 78.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,473 shares of the company’s stock after selling 16,773 shares during the quarter. CenterBook Partners LP’s holdings in Corpay were worth $1,346,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Corpay by 168,603.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the company’s stock worth $448,282,000 after buying an additional 1,488,772 shares in the last quarter. M&T Bank Corp lifted its stake in Corpay by 4,657.7% during the 4th quarter. M&T Bank Corp now owns 1,044,074 shares of the company’s stock valued at $314,193,000 after acquiring an additional 1,022,129 shares in the last quarter. Norges Bank bought a new position in Corpay during the 4th quarter valued at $266,190,000. Hawk Ridge Capital Management LP bought a new position in Corpay during the 3rd quarter valued at $106,381,000. Finally, JPMorgan Chase & Co. lifted its stake in Corpay by 6.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the company’s stock valued at $1,424,882,000 after acquiring an additional 307,355 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Price Performance

CPAY opened at $350.32 on Thursday. The firm has a market cap of $22.90 billion, a P/E ratio of 20.96, a PEG ratio of 0.98 and a beta of 0.86. The firm has a 50-day moving average of $328.65 and a 200 day moving average of $320.11. 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, Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $367.43.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.50 by $0.30. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.51 earnings per share. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. On average, research analysts expect that Corpay, Inc. will post 25.49 EPS for the current year.

Analyst Upgrades and Downgrades

CPAY has been the topic of several recent analyst reports. 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. Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Oppenheimer restated an “outperform” rating and set a $388.00 price objective on shares of Corpay in a research note on Friday, May 8th. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Finally, Morgan Stanley restated an “overweight” rating and set a $400.00 price objective on shares of Corpay in a research note on Sunday, May 10th. 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.com, Corpay has a consensus rating of “Moderate Buy” and an average target price of $383.07.

Insiders Place Their Bets

In related news, insider Armando Lins Netto sold 14,089 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $356.05, for a total transaction of $5,016,388.45. Following the completion of the transaction, the insider owned 18,528 shares in the company, valued at approximately $6,596,894.40. This represents a 43.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 17,201 shares of company stock worth $6,126,597 in the last three months. 5.19% of the stock is currently owned by corporate insiders.

About Corpay

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.