Corpay, Inc $CPAY Position Cut by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its position in shares of Corpay, Inc (NYSE:CPAY) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,148 shares of the corporate payments company’s stock after selling 3,571 shares during the quarter. Corient Private Wealth LLC’s holdings in Corpay were worth $16,897,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. acquired a new stake in shares of Corpay in the 4th quarter worth about $25,000. Leonteq Securities AG acquired a new position in Corpay during the 4th quarter valued at about $27,000. BOKF NA boosted its stake in Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after purchasing an additional 94 shares during the period. Torren Management LLC bought a new position in Corpay in the 4th quarter worth about $29,000. Finally, DV Equities LLC bought a new position in Corpay in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling

In related news, insider Armando Lins Netto sold 70,476 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the transaction, the insider owned 11,274 shares in the company, valued at $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the sale, the director directly owned 28,241 shares in the company, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 88,677 shares of company stock worth $31,304,091 in the last quarter. Company insiders own 5.19% of the company’s stock.

Corpay Stock Performance

Shares of CPAY opened at $340.44 on Wednesday. The firm has a market capitalization of $22.25 billion, a PE ratio of 20.37, a P/E/G ratio of 0.95 and a beta of 0.86. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average price of $339.25 and a 200 day moving average price of $324.29. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $367.43.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. The company had revenue of $5.63 million for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. On average, sell-side analysts anticipate that Corpay, Inc will post 25.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CPAY shares. Raymond James Financial restated an “outperform” rating and issued a $361.00 price target on shares of Corpay in a research note on Thursday, March 5th. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Robert W. Baird decreased their price objective on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Corpay presently has a consensus rating of “Moderate Buy” and an average price target of $383.07.

Corpay Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.