Vestcor Inc Cuts Stake in Corpay, Inc. $CPAY

Vestcor Inc lessened its stake in shares of Corpay, Inc. (NYSE:CPAY) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,097 shares of the company’s stock after selling 1,671 shares during the quarter. Vestcor Inc’s holdings in Corpay were worth $3,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Corpay by 0.7% during the third quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock valued at $2,357,100,000 after buying an additional 58,235 shares during the last quarter. Orbis Allan Gray Ltd lifted its stake in shares of Corpay by 3.3% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company’s stock valued at $1,279,362,000 after purchasing an additional 124,368 shares during the period. Boston Partners increased its stake in shares of Corpay by 5.8% in the 2nd 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. raised its stake in shares of Corpay by 4.4% during the 2nd quarter. Invesco Ltd. now owns 1,978,930 shares of the company’s stock worth $656,649,000 after buying an additional 84,198 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Corpay by 3.5% during the second quarter. Geode Capital Management LLC now owns 1,871,511 shares of the company’s stock valued at $619,643,000 after purchasing an additional 63,287 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Corpay

In other Corpay news, Director Steven T. Stull bought 8,000 shares of Corpay stock in a transaction dated Friday, December 12th. The stock was bought at an average price of $314.98 per share, for a total transaction of $2,519,840.00. Following the completion of the acquisition, the director directly owned 29,241 shares of the company’s stock, valued at approximately $9,210,330.18. This trade represents a 37.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Alissa B. Vickery sold 1,701 shares of Corpay stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $358.65, for a total transaction of $610,063.65. Following the sale, the chief accounting officer directly owned 2,180 shares of the company’s stock, valued at $781,857. This trade represents a 43.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.04% of the stock is currently owned by company insiders.

Corpay Stock Up 1.2%

Shares of NYSE:CPAY opened at $329.36 on Wednesday. Corpay, Inc. has a 52-week low of $252.84 and a 52-week high of $361.99. The company has a market capitalization of $23.04 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 0.94 and a beta of 0.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.70. The company has a 50 day moving average of $326.46 and a two-hundred day moving average of $306.86.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, February 4th. The company reported $6.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.93 by $0.11. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Corpay had a return on equity of 37.13% and a net margin of 23.62%.Corpay’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company posted $5.36 EPS. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS. As a group, analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on CPAY shares. Mizuho upped their target price on Corpay from $320.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Scotiabank upgraded shares of Corpay to a “sector outperform” rating in a report on Monday, January 26th. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley increased their price target on shares of Corpay from $379.00 to $390.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Finally, Cantor Fitzgerald raised their price target on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $377.57.

Corpay Company Profile

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.