Armando Lins Netto Sells 2,694 Shares of Corpay (NYSE:CPAY) Stock

Corpay, Inc. (NYSE:CPAY) insider Armando Lins Netto sold 2,694 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $357.01, for a total value of $961,784.94. Following the transaction, the insider directly owned 15,834 shares in the company, valued at approximately $5,652,896.34. This represents a 14.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Armando Lins Netto also recently made the following trade(s):

• On Thursday, May 28th, Armando Lins Netto sold 14,089 shares of Corpay stock. The stock was sold at an average price of $356.05, for a total value of $5,016,388.45.
• On Wednesday, May 27th, Armando Lins Netto sold 418 shares of Corpay stock. The stock was sold at an average price of $355.08, for a total value of $148,423.44.

Corpay Stock Performance

Shares of NYSE CPAY traded up $9.98 during midday trading on Friday, reaching $362.35. 769,367 shares of the company were exchanged, compared to its average volume of 631,793. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $364.24. The stock has a fifty day simple moving average of $316.75 and a 200 day simple moving average of $315.31. The stock has a market cap of $23.68 billion, a P/E ratio of 21.68, a PEG ratio of 0.97 and a beta of 0.81.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Thursday, May 7th. The company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.50 by $0.30. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the company posted $4.51 earnings per share. The business’s revenue was up 25.4% on a year-over-year basis. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. On average, research analysts forecast that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Corpay

A number of institutional investors have recently added to or reduced their stakes in CPAY. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Corpay by 5.6% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 138,858 shares of the company’s stock worth $39,999,000 after purchasing an additional 7,397 shares during the period. Hendershot Investments Inc. increased its holdings in Corpay by 37.5% in the 3rd quarter. Hendershot Investments Inc. now owns 51,779 shares of the company’s stock valued at $14,915,000 after purchasing an additional 14,128 shares in the last quarter. Vanguard Group Inc. increased its holdings in Corpay by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock valued at $2,357,100,000 after purchasing an additional 58,235 shares in the last quarter. Citigroup Inc. increased its holdings in Corpay by 35.2% in the 3rd quarter. Citigroup Inc. now owns 86,004 shares of the company’s stock valued at $24,774,000 after purchasing an additional 22,401 shares in the last quarter. Finally, Tredje AP fonden increased its holdings in Corpay by 54.0% in the 3rd quarter. Tredje AP fonden now owns 8,877 shares of the company’s stock valued at $2,557,000 after purchasing an additional 3,112 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CPAY shares. Mizuho upped their price objective on shares of Corpay from $320.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Raymond James Financial restated an “outperform” rating and set a $361.00 price objective on shares of Corpay in a research report on Thursday, March 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. Royal Bank Of Canada lifted their price objective on Corpay from $344.00 to $363.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Finally, Cantor Fitzgerald lifted their price objective on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Twelve research 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, Corpay presently has a consensus rating of “Moderate Buy” and an average price target of $377.92.

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.