Occam Crest Management LP Buys Shares of 2,500 Corpay, Inc. $CPAY

Occam Crest Management LP bought a new stake in shares of Corpay, Inc. (NYSE:CPAY) in the fourth quarter, Holdings Channel reports. The fund bought 2,500 shares of the company’s stock, valued at approximately $752,000. Corpay accounts for approximately 0.5% of Occam Crest Management LP’s investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors have also recently made changes to their positions in CPAY. Integrated Wealth Concepts LLC purchased a new stake in shares of Corpay during the first quarter valued at approximately $207,000. Woodline Partners LP raised its position in Corpay by 39.3% in the first quarter. Woodline Partners LP now owns 5,890 shares of the company’s stock worth $2,054,000 after acquiring an additional 1,661 shares during the period. Intech Investment Management LLC raised its position in Corpay by 30.4% in the first quarter. Intech Investment Management LLC now owns 3,341 shares of the company’s stock worth $1,165,000 after acquiring an additional 778 shares during the period. Marshall Wace LLP raised its position in Corpay by 128.6% in the second quarter. Marshall Wace LLP now owns 1,600 shares of the company’s stock worth $531,000 after acquiring an additional 900 shares during the period. Finally, Brown Advisory Inc. raised its position in shares of Corpay by 16.0% during the 2nd quarter. Brown Advisory Inc. now owns 1,670 shares of the company’s stock valued at $554,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Stock Down 0.9%

CPAY stock opened at $352.76 on Tuesday. The firm’s fifty day simple moving average is $332.39 and its 200-day simple moving average is $321.48. Corpay, Inc. has a 12 month low of $252.84 and a 12 month high of $367.43. The company has a market capitalization of $23.06 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 0.97 and a beta of 0.86. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $5.80 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm posted $4.51 earnings per share. The firm’s quarterly 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 research analysts forecast that Corpay, Inc. will post 25.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Steven T. Stull sold 1,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the sale, the director directly owned 28,241 shares in the company, valued at $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Armando Lins Netto sold 14,089 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $356.05, for a total transaction of $5,016,388.45. Following the completion of the sale, the insider owned 18,528 shares of the company’s stock, valued at $6,596,894.40. This trade represents a 43.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,201 shares of company stock valued at $6,487,377 over the last 90 days. 5.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CPAY has been the topic of several recent analyst reports. Raymond James Financial restated an “outperform” rating and set a $361.00 price objective on shares of Corpay in a research report on Thursday, March 5th. Weiss Ratings upgraded shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Robert W. Baird dropped their price objective on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Wolfe Research reaffirmed an “outperform” rating and set a $450.00 price target on shares of Corpay in a research note on Wednesday, June 3rd. Finally, Oppenheimer reissued an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a research report on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $383.07.

Corpay Company 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.