Corpay, Inc (NYSE:CPAY - Get Free Report) CEO Ronald Clarke sold 94,374 shares of the company's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $415.77, for a total value of $39,237,877.98. Following the transaction, the chief executive officer directly owned 2,473,816 shares of the company's stock, valued at $1,028,538,478.32. The trade was a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Ronald Clarke also recently made the following trade(s):
- On Tuesday, August 25th, Ronald Clarke sold 119,486 shares of Corpay stock. The shares were sold at an average price of $412.40, for a total value of $49,276,026.40.
Corpay Price Performance
Shares of Corpay stock opened at $413.30 on Wednesday. The business has a 50 day moving average of $376.58 and a 200 day moving average of $344.54. Corpay, Inc has a 52 week low of $252.84 and a 52 week high of $425.95. The company has a market cap of $27.14 billion, a PE ratio of 25.15, a P/E/G ratio of 1.14 and a beta of 0.87. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70.
Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.58 by $0.42. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm earned $5.13 EPS. The company's quarterly revenue was up 21.5% compared to the same quarter last year. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. As a group, equities research analysts forecast that Corpay, Inc will post 25.75 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have weighed in on CPAY. Morgan Stanley set a $455.00 price objective on Corpay in a research report on Friday, August 7th. Robert W. Baird set a $475.00 price target on Corpay in a research report on Thursday, August 6th. Loop Capital initiated coverage on Corpay in a report on Monday, May 18th. They issued a "buy" rating and a $406.00 price objective for the company. Cantor Fitzgerald raised their price objective on Corpay from $415.00 to $480.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Finally, Wall Street Zen cut shares of Corpay from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Twelve investment 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 has an average rating of "Moderate Buy" and an average price target of $430.31.
Read Our Latest Research Report on CPAY
Institutional Trading of Corpay
Hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System increased its position in Corpay by 36,046.6% during the 2nd quarter. California State Teachers Retirement System now owns 30,244,919 shares of the corporate payments company's stock valued at $10,079,724,000 after buying an additional 30,161,246 shares in the last quarter. Orbis Allan Gray Ltd grew its stake in shares of Corpay by 20.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company's stock worth $1,501,029,000 after acquiring an additional 859,854 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Corpay by 6.9% during the fourth quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company's stock valued at $1,424,882,000 after acquiring an additional 307,355 shares in the last quarter. State Street Corp increased its holdings in shares of Corpay by 0.8% during the third quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company's stock valued at $851,720,000 after acquiring an additional 23,470 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Corpay by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company's stock worth $571,346,000 after purchasing an additional 19,281 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.
About Corpay
(
Get Free Report)
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.
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