Clifford Swan Investment Counsel LLC Raises Position in Corpay, Inc $CPAY

Clifford Swan Investment Counsel LLC grew its holdings in shares of Corpay, Inc (NYSE:CPAY) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,596 shares of the corporate payments company’s stock after acquiring an additional 1,438 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Corpay were worth $16,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CTC Alternative Strategies Ltd. bought a new position in Corpay in the 2nd quarter worth $253,000. Wedbush Securities Inc. grew its holdings in Corpay by 43.4% during the second quarter. Wedbush Securities Inc. now owns 1,312 shares of the corporate payments company’s stock valued at $437,000 after purchasing an additional 397 shares during the period. Greenleaf Trust grew its holdings in Corpay by 3.2% during the second quarter. Greenleaf Trust now owns 1,356 shares of the corporate payments company’s stock valued at $452,000 after purchasing an additional 42 shares during the period. New Mexico Educational Retirement Board increased its position in Corpay by 6.1% in the second quarter. New Mexico Educational Retirement Board now owns 3,500 shares of the corporate payments company’s stock worth $1,166,000 after buying an additional 200 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Corpay in the second quarter worth about $4,076,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CPAY has been the topic of several recent research reports. Loop Capital began coverage on Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 price objective on the stock. Cantor Fitzgerald boosted their price objective on Corpay from $415.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Raymond James Financial reissued an “outperform” rating and issued a $442.00 target price on shares of Corpay in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corpay in a report on Friday, July 24th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Corpay presently has an average rating of “Moderate Buy” and an average price target of $431.46.

Insider Buying and Selling

In other news, insider Armando Lins Netto sold 70,476 shares of Corpay 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 sale, 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 filing with the SEC, which is available at the SEC website. Also, Director Steven T. Stull sold 4,000 shares of Corpay stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $410.66, for a total transaction of $1,642,640.00. Following the sale, the director owned 23,598 shares in the company, valued at approximately $9,690,754.68. The trade was a 14.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 291,336 shares of company stock valued at $116,212,228. Corporate insiders own 5.19% of the company’s stock.

Corpay Price Performance

NYSE:CPAY opened at $405.23 on Tuesday. The business’s 50-day simple moving average is $381.33 and its two-hundred day simple moving average is $346.68. Corpay, Inc has a 52 week low of $252.84 and a 52 week high of $425.95. The stock has a market cap of $26.61 billion, a PE ratio of 24.66, a P/E/G ratio of 1.12 and a beta of 0.87. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, topping analysts’ consensus estimates of $6.58 by $0.42. Corpay had a return on equity of 42.18% and a net margin of 22.72%.The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the company posted $5.13 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. As a group, analysts forecast that Corpay, Inc will post 25.75 EPS for the current fiscal year.

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.