JPMorgan Chase & Co. Sells 160,295 Shares of Corpay, Inc. $CPAY

JPMorgan Chase & Co. trimmed its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,568,340 shares of the company’s stock after selling 160,295 shares during the period. JPMorgan Chase & Co. owned about 6.47% of Corpay worth $1,515,867,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Corpay by 3.2% during the second quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company’s stock worth $2,695,851,000 after acquiring an additional 251,651 shares in the last quarter. Boston Partners increased its position in shares of Corpay by 5.5% during the 2nd quarter. Boston Partners now owns 2,283,730 shares of the company’s stock worth $756,697,000 after purchasing an additional 119,790 shares during the last quarter. Invesco Ltd. raised its stake in shares of Corpay by 12.3% during the 1st quarter. Invesco Ltd. now owns 1,894,732 shares of the company’s stock worth $660,731,000 after purchasing an additional 208,067 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Corpay by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,871,511 shares of the company’s stock worth $619,643,000 after purchasing an additional 63,287 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Corpay by 30.7% in the 1st quarter. Wellington Management Group LLP now owns 1,275,059 shares of the company’s stock valued at $444,639,000 after buying an additional 299,452 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Corpay Price Performance

Corpay stock opened at $288.82 on Friday. The company has a market capitalization of $20.21 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.02 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.48. Corpay, Inc. has a 12 month low of $252.84 and a 12 month high of $400.81. The stock’s 50 day moving average is $285.01 and its 200-day moving average is $312.66.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Wednesday, November 5th. The company reported $5.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.63 by $0.07. Corpay had a return on equity of 39.13% and a net margin of 25.17%.The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company posted $5.00 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. Equities research analysts expect that Corpay, Inc. will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CPAY. Williams Trading set a $300.00 target price on shares of Corpay in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Corpay in a research report on Wednesday. Wall Street Zen lowered Corpay from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. JPMorgan Chase & Co. reduced their target price on Corpay from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Raymond James Financial set a $392.00 target price on Corpay and gave the stock an “outperform” rating in a report on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $379.71.

Corpay Profile

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.