Corpay (NYSE:CPAY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Corpay (NYSE:CPAY) from a hold rating to a buy rating in a report published on Sunday morning,Wall Street Zen reports.

CPAY has been the topic of a number of other research reports. Loop Capital started coverage on shares of Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 price target on the stock. Morgan Stanley set a $455.00 price objective on shares of Corpay in a report on Friday, August 7th. Robert W. Baird set a $475.00 price objective on shares of Corpay in a report on Thursday, August 6th. Cantor Fitzgerald upped their price objective on Corpay from $415.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, Scotiabank assumed coverage on Corpay in a research note on Wednesday, September 2nd. They set an “outperform” rating and a $536.00 target price on the stock. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Corpay has a consensus rating of “Moderate Buy” and an average target price of $438.93.

Corpay Price Performance

CPAY opened at $406.94 on Friday. The firm has a market cap of $26.72 billion, a PE ratio of 24.77, a P/E/G ratio of 1.14 and a beta of 0.87. The stock has a 50-day moving average price of $388.31 and a 200-day moving average price of $350.49. Corpay has a 1 year low of $252.84 and a 1 year high of $427.46. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.97.

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

Insider Activity

In other news, insider Armando Netto sold 70,476 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,969,913.62. This trade represents a 86.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven Stull sold 2,357 shares of Corpay stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $413.62, for a total transaction of $974,902.34. Following the completion of the sale, the director 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. The SEC filing for this sale provides additional information. Insiders have sold a total of 291,336 shares of company stock valued at $116,212,228 in the last 90 days. 5.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Corpay

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its stake in Corpay by 36,046.6% during the 2nd quarter. California State Teachers Retirement System now owns 30,244,919 shares of the corporate payments company’s stock valued at $10,079,724,000 after buying an additional 30,161,246 shares during the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of Corpay by 20.8% in the 4th 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 during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Corpay by 6.9% in the 4th quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company’s stock worth $1,424,882,000 after buying an additional 307,355 shares during the last quarter. State Street Corp grew its holdings in shares of Corpay by 0.8% in the third quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company’s stock worth $851,720,000 after acquiring an additional 23,470 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Corpay by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company’s stock worth $571,346,000 after acquiring an additional 19,281 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

About Corpay

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.