Geode Capital Management LLC Has $619.64 Million Stock Position in Corpay, Inc. $CPAY

Geode Capital Management LLC increased its holdings in Corpay, Inc. (NYSE:CPAY) by 3.5% during the second quarter, HoldingsChannel reports. The fund owned 1,871,511 shares of the company’s stock after acquiring an additional 63,287 shares during the quarter. Geode Capital Management LLC’s holdings in Corpay were worth $619,643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC lifted its holdings in shares of Corpay by 56.7% in the second quarter. CVA Family Office LLC now owns 94 shares of the company’s stock valued at $31,000 after purchasing an additional 34 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in Corpay in the 2nd quarter valued at $33,000. Ameritas Advisory Services LLC bought a new position in Corpay during the 2nd quarter valued at $37,000. Zions Bancorporation National Association UT purchased a new position in Corpay during the 1st quarter worth $41,000. Finally, Larson Financial Group LLC grew its stake in shares of Corpay by 309.5% in the 1st quarter. Larson Financial Group LLC now owns 172 shares of the company’s stock worth $60,000 after acquiring an additional 130 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Corpay Trading Down 1.6%

Shares of CPAY opened at $278.46 on Friday. Corpay, Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $400.81. The business has a 50-day moving average of $288.22 and a 200 day moving average of $314.33. The firm has a market cap of $19.66 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.12 and a current ratio of 1.12.

Corpay (NYSE:CPAY) last issued its earnings results on Wednesday, November 5th. The company reported $5.70 earnings per share for the quarter, topping analysts’ consensus estimates of $5.63 by $0.07. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business earned $5.00 earnings per share. 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 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Raymond James Financial set a $392.00 target price on Corpay and gave the company an “outperform” rating in a report on Thursday, August 7th. Williams Trading set a $300.00 price target on Corpay in a research report on Monday, November 3rd. Morgan Stanley decreased their target price 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, Jefferies Financial Group reissued a “buy” rating on shares of Corpay in a report on Monday, November 3rd. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $379.71.

About Corpay

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.