Corpay (NYSE:CPAY) Sets New 1-Year High – Time to Buy?

Corpay, Inc (NYSE:CPAY) shares hit a new 52-week high on Wednesday . The company traded as high as $367.61 and last traded at $368.9760, with a volume of 30914 shares changing hands. The stock had previously closed at $356.16.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CPAY shares. Loop Capital initiated coverage on shares of Corpay in a research note on Monday, May 18th. They set a “buy” rating and a $406.00 target price for the company. Wolfe Research restated an “outperform” rating and issued a $450.00 price target on shares of Corpay in a research note on Wednesday, June 3rd. Robert W. Baird decreased their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Finally, Oppenheimer reissued an “outperform” rating and set a $388.00 target price on shares of Corpay in a research report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $383.07.

Corpay Stock Up 2.1%

The firm’s 50 day simple moving average is $348.91 and its 200-day simple moving average is $331.20. The company has a market cap of $23.78 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 0.99 and a beta of 0.88. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98.

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 anticipate that Corpay, Inc will post 25.49 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were 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 in the company, valued at $10,188,787.98. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction 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 owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. This represents a 86.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 88,677 shares of company stock worth $31,304,091. Insiders own 5.19% of the company’s stock.

Institutional Trading of Corpay

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new position in Corpay in the 4th quarter valued at $25,000. Leonteq Securities AG purchased a new position in Corpay during the 4th quarter worth $27,000. Axiom Investment Management LLC acquired a new stake in shares of Corpay in the 1st quarter worth $27,000. BOKF NA lifted its stake in shares of Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock worth $28,000 after acquiring an additional 94 shares during the period. Finally, Torren Management LLC purchased a new stake in shares of Corpay in the fourth quarter valued at about $29,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.