1,503 Corpay, Inc $CPAY Shares Acquired by Ethic Inc.

Ethic Inc. boosted its position in shares of Corpay, Inc (NYSE:CPAY) by 32.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,075 shares of the corporate payments company’s stock after buying an additional 1,503 shares during the quarter. Ethic Inc.’s holdings in Corpay were worth $2,260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Axiom Investment Management LLC bought a new stake in shares of Corpay in the 1st quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of Corpay during the 3rd quarter worth approximately $30,000. Strive Financial Group LLC bought a new stake in shares of Corpay during the second quarter valued at approximately $35,000. Western Wealth Management LLC bought a new stake in shares of Corpay during the first quarter valued at approximately $36,000. Finally, CoreCap Advisors LLC increased its position in shares of Corpay by 1,246.2% during the second quarter. CoreCap Advisors LLC now owns 175 shares of the corporate payments company’s stock valued at $58,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Performance

Shares of NYSE:CPAY opened at $462.24 on Thursday. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.95 and a quick ratio of 0.95. The business’s fifty day moving average price is $408.28 and its two-hundred day moving average price is $361.93. Corpay, Inc has a fifty-two week low of $271.22 and a fifty-two week high of $479.53. The stock has a market capitalization of $29.57 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.20 by $0.34. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Corpay had a return on equity of 46.94% and a net margin of 23.73%. The business’s revenue was up 17.9% on a year-over-year basis. During the same period last year, the business earned $5.70 earnings per share. As a group, analysts predict that Corpay, Inc will post 26.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CPAY. Oppenheimer upped their target price on Corpay from $454.00 to $461.00 and gave the company an “outperform” rating in a research note on Thursday, November 5th. Weiss Ratings upgraded shares of Corpay from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Morgan Stanley boosted their price target on shares of Corpay from $455.00 to $460.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Robert W. Baird set a $475.00 price objective on shares of Corpay in a research note on Thursday, August 6th. Finally, Wolfe Research raised their price objective on shares of Corpay from $475.00 to $530.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $474.38.

Insider Activity

In related news, CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the completion of the transaction, the chief executive officer directly owned 2,354,330 shares of the company’s stock, valued at $970,925,692. This trade represents a 4.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven T. Stull sold 2,357 shares of Corpay stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $413.62, for a total transaction of $974,902.34. Following the transaction, the director directly owned 21,241 shares of the company’s stock, valued at $8,785,702.42. This represents a 9.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 220,860 shares of company stock worth $91,395,514. 5.19% of the stock is owned by insiders.

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.