Key Points
- Corpay insider Armando Lins Netto sold 70,476 shares on June 15 at an average price of $352.13, totaling about $24.8 million. The sale reduced his direct holdings by 86.21% to 11,274 shares.
- Netto also made several smaller sales in late May, including 2,694 shares on May 29, 14,089 shares on May 28, and 418 shares on May 27. These transactions suggest a steady reduction in his Corpay stake over time.
- Corpay recently reported strong quarterly results, beating EPS and revenue estimates, and analysts remain generally positive with a consensus rating of Moderate Buy. The stock was trading near its 52-week high, reflecting solid recent performance.
Corpay, Inc. (NYSE:CPAY - Get Free Report) insider Armando Lins Netto sold 70,476 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 11,274 shares in the company, valued at $3,969,913.62. The trade was a 86.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
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 shares were 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 shares were sold at an average price of $356.05, for a total transaction of $5,016,388.45.
- On Wednesday, May 27th, Armando Lins Netto sold 418 shares of Corpay stock. The shares were sold at an average price of $355.08, for a total transaction of $148,423.44.
Corpay Stock Performance
Shares of CPAY opened at $360.86 on Wednesday. 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 company has a market capitalization of $23.59 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.97 and a beta of 0.86. The company's 50 day simple moving average is $333.73 and its 200 day simple moving average is $321.95. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $367.43.
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 the consensus estimate of $5.50 by $0.30. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company's quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.51 earnings per share. 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, sell-side analysts predict that Corpay, Inc. will post 25.49 EPS for the current year.
Analyst Upgrades and Downgrades
CPAY has been the topic of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Corpay from $440.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 31st. Loop Capital started coverage on shares of Corpay in a research report on Monday, May 18th. They set a "buy" rating and a $406.00 price target for the company. Wolfe Research reaffirmed an "outperform" rating and set a $450.00 price target on shares of Corpay in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of Corpay from a "hold" rating to a "buy" rating in a research report on Monday, March 23rd. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $388.00 price target 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $383.07.
Get Our Latest Report on CPAY
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. HB Wealth Management LLC boosted its stake in shares of Corpay by 1.9% in the fourth quarter. HB Wealth Management LLC now owns 1,741 shares of the company's stock valued at $524,000 after purchasing an additional 33 shares during the period. KBC Group NV boosted its stake in shares of Corpay by 0.4% in the fourth quarter. KBC Group NV now owns 9,318 shares of the company's stock valued at $2,804,000 after purchasing an additional 36 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Corpay by 4.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the company's stock valued at $254,000 after purchasing an additional 37 shares during the period. Harbour Investments Inc. boosted its stake in shares of Corpay by 35.5% in the fourth quarter. Harbour Investments Inc. now owns 149 shares of the company's stock valued at $45,000 after purchasing an additional 39 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Corpay by 1.4% in the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the company's stock valued at $919,000 after purchasing an additional 39 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.
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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