Corpay, Inc. $CPAY Shares Sold by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC trimmed its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 0.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,683 shares of the company’s stock after selling 1,348 shares during the period. Corpay comprises approximately 2.9% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 17th biggest position. Cornerstone Investment Partners LLC’s holdings in Corpay were worth $65,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Corpay by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 7,872,786 shares of the company’s stock worth $2,745,398,000 after purchasing an additional 119,987 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Corpay by 11.1% in the 1st quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock valued at $1,648,970,000 after acquiring an additional 472,147 shares in the last quarter. Boston Partners lifted its holdings in shares of Corpay by 5.8% in the first quarter. Boston Partners now owns 2,163,940 shares of the company’s stock valued at $751,371,000 after purchasing an additional 118,542 shares in the last quarter. Invesco Ltd. raised its position in Corpay by 12.3% during the first quarter. Invesco Ltd. now owns 1,894,732 shares of the company’s stock valued at $660,731,000 after buying an additional 208,067 shares during the period. Finally, Wellington Management Group LLP boosted its position in Corpay by 30.7% during the 1st quarter. Wellington Management Group LLP now owns 1,275,059 shares of the company’s stock worth $444,639,000 after acquiring an additional 299,452 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CPAY. Raymond James Financial set a $392.00 price objective on shares of Corpay and gave the company an “outperform” rating in a research note on Thursday, August 7th. Jefferies Financial Group reissued a “buy” rating on shares of Corpay in a research report on Monday. Williams Trading set a $300.00 price objective on shares of Corpay in a report on Monday. Morgan Stanley reduced their price target on Corpay from $360.00 to $356.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Corpay in a report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and an average price target of $379.71.

Corpay Stock Performance

NYSE CPAY opened at $278.23 on Friday. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $400.81. The stock has a market cap of $19.65 billion, a P/E ratio of 18.90, a PEG ratio of 1.02 and a beta of 0.95. The company’s 50-day simple moving average is $292.80 and its 200 day simple moving average is $315.64. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $5.70 earnings per share for the quarter, beating analysts’ consensus estimates of $5.63 by $0.07. Corpay had a return on equity of 39.13% and a net margin of 25.17%.The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the business posted $5.00 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. As a group, research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Corpay Company Profile

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.