Corpay (NYSE:CPAY) Hits New 12-Month High – What’s Next?

Corpay, Inc (NYSE:CPAY)’s share price reached a new 52-week high on Monday . The company traded as high as $377.43 and last traded at $377.08, with a volume of 10524 shares changing hands. The stock had previously closed at $370.58.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CPAY shares. Robert W. Baird reduced their price objective on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Loop Capital assumed coverage on Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 target price on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 price target on shares of Corpay in a research report on Friday, May 8th. Wolfe Research reiterated an “outperform” rating and set a $450.00 price target on shares of Corpay in a research note on Wednesday, June 3rd. Finally, Morgan Stanley increased their price objective on Corpay from $400.00 to $415.00 and gave the company an “overweight” rating in a report on Tuesday. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $383.69.

Corpay Stock Up 1.3%

The stock has a market cap of $25.13 billion, a P/E ratio of 23.01, a P/E/G ratio of 1.03 and a beta of 0.88. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. The firm’s fifty day moving average is $351.77 and its 200 day moving average is $334.78.

Corpay (NYSE:CPAY) last released 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 for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. As a group, equities research analysts forecast that Corpay, Inc will post 25.49 EPS for the current year.

Insider Activity

In related news, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 11,274 shares in the company, valued at $3,969,913.62. This represents a 86.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven T. Stull sold 1,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 28,241 shares in the company, valued at $10,188,787.98. This trade represents a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 88,677 shares of company stock valued at $31,304,091 in the last three months. 5.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Corpay

Several hedge funds and other institutional investors have recently modified their holdings of the stock. HB Wealth Management LLC boosted its holdings in Corpay by 1.9% in the 4th quarter. HB Wealth Management LLC now owns 1,741 shares of the corporate payments company’s stock valued at $524,000 after purchasing an additional 33 shares during the period. KBC Group NV raised its position in shares of Corpay by 0.4% during the fourth quarter. KBC Group NV now owns 9,318 shares of the corporate payments company’s stock valued at $2,804,000 after buying an additional 36 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Corpay by 4.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock valued at $254,000 after buying an additional 37 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Corpay by 35.5% during the fourth quarter. Harbour Investments Inc. now owns 149 shares of the corporate payments company’s stock valued at $45,000 after buying an additional 39 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Corpay by 1.4% in the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company’s stock valued at $919,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.