Corpay, Inc. $CPAY Position Boosted by Meridian Management Co.

Meridian Management Co. grew its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 17.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 22,095 shares of the company’s stock after purchasing an additional 3,287 shares during the period. Corpay comprises approximately 1.6% of Meridian Management Co.’s portfolio, making the stock its 16th biggest holding. Meridian Management Co.’s holdings in Corpay were worth $6,649,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. HB Wealth Management LLC boosted its holdings in shares of Corpay by 1.9% in the fourth quarter. HB Wealth Management LLC now owns 1,741 shares of the company’s stock worth $524,000 after buying an additional 33 shares during the period. KBC Group NV boosted its holdings in shares of Corpay by 0.4% in the fourth quarter. KBC Group NV now owns 9,318 shares of the company’s stock worth $2,804,000 after buying an additional 36 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Corpay by 4.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the company’s stock worth $254,000 after buying an additional 37 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Corpay by 35.5% in the fourth quarter. Harbour Investments Inc. now owns 149 shares of the company’s stock worth $45,000 after buying an additional 39 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Corpay by 1.4% in the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the company’s stock worth $919,000 after buying an additional 39 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Price Performance

NYSE CPAY opened at $359.99 on Wednesday. The company has a 50 day simple moving average of $319.90 and a 200-day simple moving average of $316.40. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $23.53 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.00 and a beta of 0.86. Corpay, Inc. has a 52-week low of $252.84 and a 52-week high of $367.43.

Corpay (NYSE:CPAY) last posted 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. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The firm’s revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.51 earnings per share. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. Equities research analysts predict that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CPAY has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Weiss Ratings upgraded shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Royal Bank Of Canada raised their target price on shares of Corpay from $344.00 to $363.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Morgan Stanley reiterated an “overweight” rating and issued a $400.00 target price on shares of Corpay in a report on Sunday, May 10th. Finally, Mizuho raised their target price on shares of Corpay from $320.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $377.92.

Insider Activity

In other news, insider Armando Lins Netto sold 2,694 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $357.01, for a total value of $961,784.94. Following the completion of the sale, the insider directly owned 15,834 shares of the company’s stock, valued at $5,652,896.34. This represents a 14.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 17,201 shares of company stock valued at $6,126,597 over the last ninety days. 5.19% of the stock is owned by corporate 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.