Wedge Capital Management L L P NC Grows Stock Holdings in Corpay, Inc $CPAY

Wedge Capital Management L L P NC boosted its stake in Corpay, Inc (NYSE:CPAY) by 22.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 222,662 shares of the corporate payments company’s stock after acquiring an additional 40,321 shares during the period. Corpay accounts for about 1.2% of Wedge Capital Management L L P NC’s holdings, making the stock its 19th biggest position. Wedge Capital Management L L P NC’s holdings in Corpay were worth $74,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of Corpay by 141.3% during the first quarter. Empowered Funds LLC now owns 5,490 shares of the corporate payments company’s stock worth $1,598,000 after purchasing an additional 3,215 shares during the last quarter. Moran Wealth Management LLC grew its position in Corpay by 77.9% in the 1st quarter. Moran Wealth Management LLC now owns 37,869 shares of the corporate payments company’s stock valued at $11,020,000 after buying an additional 16,586 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Corpay in the 1st quarter valued at $1,048,000. Procyon Advisors LLC increased its stake in Corpay by 78.0% in the 1st quarter. Procyon Advisors LLC now owns 6,357 shares of the corporate payments company’s stock valued at $1,850,000 after buying an additional 2,786 shares during the period. Finally, M&T Bank Corp raised its position in Corpay by 4,657.7% during the 4th quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock worth $314,193,000 after buying an additional 1,022,129 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay Price Performance

Shares of NYSE CPAY opened at $407.00 on Wednesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.98 and a current ratio of 0.97. Corpay, Inc has a one year low of $252.84 and a one year high of $409.68. The firm has a market capitalization of $26.60 billion, a P/E ratio of 24.77, a PEG ratio of 1.11 and a beta of 0.87. The company’s fifty day moving average is $360.85 and its two-hundred day moving average is $339.30.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $0.42. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.30 billion. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The business’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm posted $5.13 EPS. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Analysts forecast that Corpay, Inc will post 25.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Cantor Fitzgerald raised their target price on shares of Corpay from $415.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday. Loop Capital initiated coverage on shares of Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 price target for the company. Wolfe Research restated an “outperform” rating and issued a $475.00 price objective on shares of Corpay in a research report on Thursday, August 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $442.00 price objective on shares of Corpay in a report on Thursday, August 6th. Finally, UBS Group boosted their target price on Corpay from $385.00 to $415.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Corpay presently has an average rating of “Moderate Buy” and an average target price of $426.08.

Insider Transactions at Corpay

In other Corpay news, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction dated 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 transaction, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the sale, the director owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is currently owned by corporate insiders.

About Corpay

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.