Generate Investment Management Ltd Sells 40,000 Shares of Corpay, Inc $CPAY

Generate Investment Management Ltd cut its holdings in Corpay, Inc (NYSE:CPAY) by 33.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,000 shares of the corporate payments company’s stock after selling 40,000 shares during the period. Corpay accounts for 1.1% of Generate Investment Management Ltd’s holdings, making the stock its 22nd biggest holding. Generate Investment Management Ltd’s holdings in Corpay were worth $23,279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CPAY. Northwestern Mutual Wealth Management Co. grew its holdings in Corpay by 168,603.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the corporate payments company’s stock valued at $448,282,000 after buying an additional 1,488,772 shares in the last quarter. M&T Bank Corp raised its position in shares of Corpay by 4,657.7% during the fourth quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock valued at $314,193,000 after buying an additional 1,022,129 shares during the last quarter. Norges Bank purchased a new position in shares of Corpay in the fourth quarter worth $266,190,000. Orbis Allan Gray Ltd lifted its holdings in shares of Corpay by 20.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock worth $1,501,029,000 after buying an additional 859,854 shares in the last quarter. Finally, Spruce House Investment Management LLC boosted its position in shares of Corpay by 95.3% during the fourth quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company’s stock worth $249,772,000 after acquiring an additional 405,000 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on CPAY shares. Raymond James Financial reaffirmed an “outperform” rating and set a $361.00 target price on shares of Corpay in a research note on Thursday, March 5th. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Morgan Stanley reissued an “overweight” rating and set a $400.00 price objective on shares of Corpay in a report on Sunday, May 10th. Wolfe Research restated an “outperform” rating and set a $450.00 price objective on shares of Corpay in a research report on Wednesday, June 3rd. Finally, Robert W. Baird reduced their target price on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Corpay currently has a consensus rating of “Moderate Buy” and an average target price of $383.07.

Corpay Price Performance

Corpay stock opened at $348.06 on Tuesday. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $367.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. The firm’s fifty day moving average is $338.37 and its 200 day moving average is $323.79. The company has a market cap of $22.75 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 0.95 and a beta of 0.86.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The business had revenue of $5.63 million during the quarter. Sell-side analysts forecast that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Insider Transactions at Corpay

In related news, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction dated Monday, June 15th. The stock was 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 owned 11,274 shares in the company, valued at approximately $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the sale, the director directly owned 28,241 shares in the company, valued at $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is owned by insiders.

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.