Swedbank AB Has $52.41 Million Stock Position in Corpay, Inc $CPAY

Swedbank AB lowered its position in Corpay, Inc (NYSE:CPAY) by 34.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,103 shares of the corporate payments company’s stock after selling 92,714 shares during the quarter. Swedbank AB owned approximately 0.26% of Corpay worth $52,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HB Wealth Management LLC lifted its holdings in shares of Corpay by 1.9% during the 4th quarter. HB Wealth Management LLC now owns 1,741 shares of the corporate payments company’s stock valued at $524,000 after buying an additional 33 shares during the last quarter. KBC Group NV increased its holdings in Corpay by 0.4% in the fourth quarter. KBC Group NV now owns 9,318 shares of the corporate payments company’s stock worth $2,804,000 after buying an additional 36 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Corpay by 4.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock valued at $254,000 after acquiring an additional 37 shares in the last quarter. Harbour Investments Inc. raised its position in Corpay by 35.5% during the fourth quarter. Harbour Investments Inc. now owns 149 shares of the corporate payments company’s stock valued at $45,000 after acquiring an additional 39 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Corpay by 1.4% in the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company’s stock valued at $919,000 after acquiring an additional 39 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Corpay

In other news, Director Steven T. Stull sold 1,000 shares of the company’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 transaction of $360,780.00. Following the completion of the transaction, the director directly owned 28,241 shares in the company, valued at $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total value of $24,816,713.88. Following the completion of the sale, the insider directly owned 11,274 shares of the company’s stock, valued at $3,969,913.62. This represents a 86.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 88,677 shares of company stock worth $31,304,091. Company insiders own 5.19% of the company’s stock.

Corpay Trading Up 0.1%

Shares of NYSE:CPAY opened at $357.40 on Wednesday. The company has a market cap of $23.36 billion, a P/E ratio of 21.39, a P/E/G ratio of 0.98 and a beta of 0.88. The stock’s 50-day moving average is $347.53 and its 200-day moving average is $329.19. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $367.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The business had revenue of $5.63 million for the quarter. Equities research analysts predict that Corpay, Inc will post 25.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CPAY has been the subject of several recent research reports. Robert W. Baird decreased their target price on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Loop Capital initiated coverage on shares of Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and issued a $400.00 price objective on shares of Corpay in a report on Sunday, May 10th. Finally, Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Corpay has an average rating of “Moderate Buy” and a consensus price target of $383.07.

Corpay Company 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.