Corpay, Inc. $CPAY Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lowered its holdings in Corpay, Inc. (NYSE:CPAY) by 1.7% in the second quarter, Holdings Channel.com reports. The fund owned 35,770 shares of the company’s stock after selling 602 shares during the quarter. Penserra Capital Management LLC’s holdings in Corpay were worth $11,868,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Greenleaf Trust increased its holdings in shares of Corpay by 5.3% in the 1st quarter. Greenleaf Trust now owns 1,661 shares of the company’s stock valued at $579,000 after purchasing an additional 83 shares in the last quarter. Cerity Partners LLC grew its position in Corpay by 6.2% during the first quarter. Cerity Partners LLC now owns 33,385 shares of the company’s stock worth $11,642,000 after buying an additional 1,942 shares during the period. Xponance Inc. increased its holdings in Corpay by 2.6% in the first quarter. Xponance Inc. now owns 15,862 shares of the company’s stock valued at $5,531,000 after buying an additional 395 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Corpay by 5.7% during the 1st quarter. Ballentine Partners LLC now owns 1,324 shares of the company’s stock valued at $462,000 after acquiring an additional 71 shares during the period. Finally, CWM LLC boosted its stake in shares of Corpay by 30.4% during the 1st quarter. CWM LLC now owns 3,262 shares of the company’s stock worth $1,137,000 after acquiring an additional 761 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPAY has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on Corpay from $445.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Wall Street Zen lowered Corpay from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Deutsche Bank Aktiengesellschaft initiated coverage on Corpay in a research note on Thursday, July 17th. They set a “buy” rating and a $390.00 price target for the company. Jefferies Financial Group reiterated a “buy” rating on shares of Corpay in a research report on Monday, November 3rd. Finally, Raymond James Financial set a $392.00 target price on shares of Corpay and gave the company an “outperform” rating in a report on Thursday, August 7th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $379.71.

Corpay Stock Down 0.7%

Shares of NYSE:CPAY opened at $276.15 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $19.50 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.02 and a beta of 0.95. Corpay, Inc. has a 52-week low of $252.84 and a 52-week high of $400.81. The stock’s fifty day simple moving average is $291.81 and its 200-day simple moving average is $315.54.

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