Key Points
- Corpay director Steven Stull sold 1,000 shares on June 2 at an average price of $360.78, totaling $360,780. After the sale, he still owned 28,241 shares, a 3.42% reduction in his position.
- Corpay reported strong quarterly results, with EPS of $5.80, topping estimates of $5.50, and revenue of $1.26 billion versus expectations of $1.21 billion. Revenue rose 25.4% year over year, and the company raised guidance for FY 2026 and Q2 2026.
- Wall Street remains bullish on CPAY, with 13 analysts rating it a Buy and three a Hold. The consensus price target is $383.07, above the stock’s Tuesday opening price of $352.76.
Corpay, Inc. (NYSE:CPAY - Get Free Report) Director Steven Stull sold 1,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the completion of the transaction, the director owned 28,241 shares of the company's stock, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Corpay Trading Down 0.9%
Shares of CPAY stock opened at $352.76 on Tuesday. Corpay, Inc. has a 52-week low of $252.84 and a 52-week high of $367.43. The stock has a market cap of $23.06 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 0.97 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. The firm has a fifty day moving average of $332.39 and a 200-day moving average of $321.48.
Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $5.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.50 by $0.30. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the prior year, the company posted $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. On average, equities research analysts forecast that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Corpay
A number of hedge funds have recently made changes to their positions in CPAY. Northwestern Mutual Wealth Management Co. increased its position in shares of Corpay by 168,603.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the company's stock worth $448,282,000 after purchasing an additional 1,488,772 shares in the last quarter. M&T Bank Corp increased its position in shares of Corpay by 4,657.7% during the 4th quarter. M&T Bank Corp now owns 1,044,074 shares of the company's stock worth $314,193,000 after purchasing an additional 1,022,129 shares in the last quarter. Norges Bank acquired a new stake in shares of Corpay during the 4th quarter worth about $266,190,000. Orbis Allan Gray Ltd grew its holdings in Corpay by 20.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the 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 grew its holdings in Corpay by 95.3% during the 4th quarter. Spruce House Investment Management LLC now owns 830,000 shares of the company's stock worth $249,772,000 after acquiring an additional 405,000 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.
Wall Street Analysts Forecast Growth
CPAY has been the subject of a number of recent research reports. Loop Capital initiated coverage on shares of Corpay in a research note on Monday, May 18th. They issued a "buy" rating and a $406.00 price objective for the company. Weiss Ratings upgraded shares of Corpay from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, April 27th. Oppenheimer restated an "outperform" rating and issued a $388.00 price objective on shares of Corpay in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Corpay from a "hold" rating to a "buy" rating in a research note on Monday, March 23rd. Finally, Morgan Stanley restated an "overweight" rating and issued a $400.00 price objective on shares of Corpay in a research note on Sunday, May 10th. Thirteen equities research 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, Corpay presently has an average rating of "Moderate Buy" and a consensus price target of $383.07.
View Our Latest Stock Analysis on CPAY
About Corpay
(
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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