Strs Ohio Buys 36,612 Shares of Corpay, Inc. $CPAY

Strs Ohio lifted its position in Corpay, Inc. (NYSE:CPAY) by 48.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 112,625 shares of the company’s stock after purchasing an additional 36,612 shares during the period. Strs Ohio’s holdings in Corpay were worth $32,443,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in Corpay during the 1st quarter worth approximately $207,000. Woodline Partners LP increased its stake in shares of Corpay by 39.3% during the first quarter. Woodline Partners LP now owns 5,890 shares of the company’s stock valued at $2,054,000 after buying an additional 1,661 shares during the period. Intech Investment Management LLC boosted its holdings in Corpay by 30.4% in the first quarter. Intech Investment Management LLC now owns 3,341 shares of the company’s stock valued at $1,165,000 after acquiring an additional 778 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Corpay by 3.8% in the second quarter. Fifth Third Bancorp now owns 2,794 shares of the company’s stock valued at $927,000 after acquiring an additional 103 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Corpay by 5.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 39,450 shares of the company’s stock valued at $13,090,000 after purchasing an additional 1,890 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Oppenheimer dropped their target price on shares of Corpay from $380.00 to $369.00 and set an “outperform” rating for the company in a research report on Monday, January 12th. Jefferies Financial Group reissued a “buy” rating on shares of Corpay in a research note on Monday, November 3rd. 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 report on Wednesday, October 1st. Williams Trading set a $300.00 price target on Corpay in a research report on Monday, November 3rd. Finally, Wall Street Zen downgraded Corpay from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $366.25.

Corpay Stock Performance

Shares of CPAY opened at $320.81 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.41. The business’s 50 day moving average price is $307.24 and its 200-day moving average price is $305.62. Corpay, Inc. has a 52 week low of $252.84 and a 52 week high of $400.81. The stock has a market cap of $22.44 billion, a P/E ratio of 21.78, a P/E/G ratio of 1.00 and a beta of 0.84.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $5.70 earnings per share for the quarter, beating analysts’ consensus estimates of $5.63 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Corpay had a return on equity of 37.83% and a net margin of 24.37%.The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $5.00 EPS. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. Equities research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Corpay

In related news, Director Steven T. Stull purchased 8,000 shares of the stock in a transaction dated Friday, December 12th. The stock was purchased at an average price of $314.98 per share, with a total value of $2,519,840.00. Following the transaction, the director directly owned 29,241 shares in the company, valued at $9,210,330.18. This trade represents a 37.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.04% of the stock is owned by insiders.

About Corpay

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.