BI Asset Management Fondsmaeglerselskab A S Acquires 2,084 Shares of Corpay, Inc $CPAY

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Corpay, Inc (NYSE:CPAY) by 52.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,030 shares of the corporate payments company’s stock after buying an additional 2,084 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Corpay were worth $1,755,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its holdings in Corpay by 168,603.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the corporate payments company’s stock worth $448,282,000 after purchasing an additional 1,488,772 shares during the period. M&T Bank Corp boosted its holdings in Corpay by 4,657.7% in the fourth quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock worth $314,193,000 after acquiring an additional 1,022,129 shares in the last quarter. Norges Bank purchased a new stake in shares of Corpay in the fourth quarter worth $266,190,000. Orbis Allan Gray Ltd grew its stake in shares of Corpay by 20.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock worth $1,501,029,000 after acquiring an additional 859,854 shares during the last quarter. Finally, Spruce House Investment Management LLC increased its holdings in shares of Corpay by 95.3% during the fourth quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company’s stock valued at $249,772,000 after acquiring an additional 405,000 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wolfe Research reiterated an “outperform” rating and issued a $450.00 price target on shares of Corpay in a research note on Wednesday, June 3rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $361.00 target price on shares of Corpay in a report on Thursday, March 5th. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Morgan Stanley reiterated an “overweight” rating and set a $400.00 price target on shares of Corpay in a report on Sunday, May 10th. Finally, Oppenheimer reissued an “outperform” rating and set a $388.00 price target on shares of Corpay in a research report on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $383.07.

Corpay Stock Up 0.2%

Corpay stock opened at $344.98 on Thursday. The stock has a market cap of $22.55 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 0.93 and a beta of 0.86. 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 one year low of $252.84 and a one year high of $367.43. The stock has a fifty day moving average of $339.93 and a 200 day moving average of $324.57.

Corpay (NYSE:CPAY) last posted its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. The firm 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%. As a group, sell-side analysts predict that Corpay, Inc will post 25.49 EPS for the current year.

Insider Activity at Corpay

In other news, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the completion of the sale, the insider owned 11,274 shares of the company’s stock, valued at $3,969,913.62. The trade was a 86.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the sale, the director owned 28,241 shares of the company’s stock, valued at $10,188,787.98. This trade represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 88,677 shares of company stock valued at $31,304,091 over the last 90 days. 5.19% of the stock is currently owned by company insiders.

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.