Geode Capital Management LLC Purchases 19,281 Shares of Corpay, Inc. $CPAY

Geode Capital Management LLC boosted its position in Corpay, Inc. (NYSE:CPAY) by 1.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,905,526 shares of the company’s stock after buying an additional 19,281 shares during the quarter. Geode Capital Management LLC’s holdings in Corpay were worth $571,346,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Leonteq Securities AG bought a new stake in Corpay in the 4th quarter worth about $27,000. BOKF NA grew its position in Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the company’s stock worth $28,000 after purchasing an additional 94 shares in the last quarter. Torren Management LLC bought a new stake in Corpay in the 4th quarter worth about $29,000. Harbour Investments Inc. grew its position in Corpay by 35.5% in the 4th quarter. Harbour Investments Inc. now owns 149 shares of the company’s stock worth $45,000 after purchasing an additional 39 shares in the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in Corpay in the 4th quarter worth about $48,000. 98.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CPAY shares. Cantor Fitzgerald upped their price objective on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Loop Capital began coverage on shares of Corpay in a research report on Monday, May 18th. They issued a “buy” rating and a $406.00 price objective for the company. Mizuho increased their target price on shares of Corpay from $320.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Raymond James Financial reissued an “outperform” rating and set a $361.00 target price on shares of Corpay in a research report on Thursday, March 5th. Finally, Oppenheimer reissued an “outperform” rating and set a $388.00 target price on shares of Corpay in a research report on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $377.92.

Corpay Stock Up 2.8%

Corpay stock opened at $362.35 on Friday. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $364.24. The firm has a 50 day moving average price of $318.29 and a 200-day moving average price of $315.64. The company has a market capitalization of $23.68 billion, a P/E ratio of 21.68, a P/E/G ratio of 0.99 and a beta of 0.81. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86.

Corpay (NYSE:CPAY) last released its earnings results on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.50 by $0.30. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm earned $4.51 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. As a group, equities analysts predict that Corpay, Inc. will post 25.49 EPS for the current year.

Insider Activity at Corpay

In related news, insider Armando Lins Netto sold 2,694 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $357.01, for a total transaction of $961,784.94. Following the sale, the insider directly owned 15,834 shares in the company, valued at approximately $5,652,896.34. This represents a 14.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 17,201 shares of company stock worth $6,126,597. Corporate insiders own 5.19% of the company’s stock.

Corpay Profile

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.