Key Points
- Insider selling: Corpay insider Armando Lins Netto sold 2,694 shares on May 29 at an average price of $357.01, worth about $961,785. After the sale, he still held 15,834 shares.
- Recent cluster of sales: Netto also sold 14,089 shares on May 28 and 418 shares on May 27, indicating a series of insider disposals over three straight trading days.
- Business and stock context: Corpay recently beat quarterly EPS and revenue estimates, and analysts remain broadly positive with a Moderate Buy consensus and a $377.92 average price target. The stock was trading near its 52-week high at $362.35.
Corpay, Inc. (NYSE:CPAY - Get Free Report) insider Armando Lins Netto sold 418 shares of Corpay stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $355.08, for a total transaction of $148,423.44. Following the sale, the insider directly owned 32,617 shares of the company's stock, valued at $11,581,644.36. The trade was a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Armando Lins Netto also recently made the following trade(s):
- On Friday, May 29th, Armando Lins Netto sold 2,694 shares of Corpay stock. The stock was sold at an average price of $357.01, for a total transaction of $961,784.94.
- On Thursday, May 28th, Armando Lins Netto sold 14,089 shares of Corpay stock. The stock was sold at an average price of $356.05, for a total transaction of $5,016,388.45.
Corpay Price Performance
Shares of Corpay stock opened at $362.35 on Friday. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $364.24. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. The company has a 50-day simple moving average of $318.29 and a two-hundred day simple moving average of $315.64. The stock has a market capitalization of $23.68 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 0.96 and a beta of 0.81.
Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.50 by $0.30. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the previous year, the company earned $4.51 EPS. The business's revenue was up 25.4% on a year-over-year basis. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. Analysts forecast that Corpay, Inc. will post 25.49 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of Corpay from $344.00 to $363.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 5th. Oppenheimer reiterated an "outperform" rating and issued a $388.00 price objective on shares of Corpay in a research note on Friday, May 8th. Cantor Fitzgerald lifted their price objective on shares of Corpay from $385.00 to $415.00 and gave the stock an "overweight" rating in a research note on Monday, February 9th. Robert W. Baird dropped 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. Finally, Loop Capital began coverage on shares of Corpay in a research report on Monday, May 18th. They issued a "buy" rating and a $406.00 target price for the company. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $377.92.
Check Out Our Latest Research Report on CPAY
Hedge Funds Weigh In On Corpay
Several hedge funds and other institutional investors have recently made changes to their positions in CPAY. MV Capital Management Inc. acquired a new position in shares of Corpay in the 4th quarter valued at approximately $25,000. Leonteq Securities AG acquired a new position in shares of Corpay in the 4th quarter valued at approximately $27,000. Axiom Investment Management LLC acquired a new position in shares of Corpay in the 1st quarter valued at approximately $27,000. BOKF NA raised its position in shares of Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the company's stock valued at $28,000 after buying an additional 94 shares in the last quarter. Finally, Torren Management LLC acquired a new position in shares of Corpay in the 4th quarter valued at approximately $29,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.
Corpay Company Profile
(
Get Free Report)
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.
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