Skandinaviska Enskilda Banken AB publ Purchases 1,800 Shares of Corpay, Inc. $CPAY

Skandinaviska Enskilda Banken AB publ increased its position in Corpay, Inc. (NYSE:CPAY) by 10.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 18,786 shares of the company’s stock after purchasing an additional 1,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Corpay were worth $6,234,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Corpay by 3.2% in the 2nd 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 during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Corpay by 11.1% during the 1st quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock valued at $1,648,970,000 after acquiring an additional 472,147 shares during the last quarter. Boston Partners grew its holdings in shares of Corpay by 5.8% in the second quarter. Boston Partners now owns 2,289,271 shares of the company’s stock valued at $758,536,000 after purchasing an additional 125,331 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Corpay by 12.3% in the first quarter. Invesco Ltd. now owns 1,894,732 shares of the company’s stock valued at $660,731,000 after purchasing an additional 208,067 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Corpay by 3.5% in the second 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 during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Price Performance

Corpay stock opened at $295.80 on Monday. Corpay, Inc. has a 12-month low of $252.84 and a 12-month high of $400.81. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.48. The firm has a 50-day moving average price of $283.66 and a 200-day moving average price of $310.70. The firm has a market capitalization of $20.69 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95.

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

Wall Street Analysts Forecast Growth

CPAY has been the subject of several research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Corpay from $445.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. JPMorgan Chase & Co. reduced their target price on shares of Corpay from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Raymond James Financial set a $392.00 price target on shares of Corpay and gave the company an “outperform” rating in a report on Thursday, August 7th. Williams Trading set a $300.00 price target on Corpay in a research report on Monday, November 3rd. Finally, Morgan Stanley reduced their price objective on Corpay from $360.00 to $356.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently 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.