CenterBook Partners LP Has $6.57 Million Stock Position in Corpay, Inc. $CPAY

CenterBook Partners LP lifted its stake in shares of Corpay, Inc. (NYSE:CPAY) by 45.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,795 shares of the company’s stock after buying an additional 6,184 shares during the period. CenterBook Partners LP’s holdings in Corpay were worth $6,568,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Corpay by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company’s stock worth $2,695,851,000 after acquiring an additional 251,651 shares during the last quarter. JPMorgan Chase & Co. raised its position in Corpay by 11.1% in the first quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock valued at $1,648,970,000 after purchasing an additional 472,147 shares during the last quarter. Boston Partners boosted its stake in shares of Corpay by 5.5% during the second quarter. Boston Partners now owns 2,283,730 shares of the company’s stock valued at $756,697,000 after purchasing an additional 119,790 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Corpay by 12.3% during the first quarter. Invesco Ltd. now owns 1,894,732 shares of the company’s stock worth $660,731,000 after purchasing an additional 208,067 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Corpay by 3.5% in the second quarter. Geode Capital Management LLC now owns 1,871,511 shares of the company’s stock valued at $619,643,000 after buying an additional 63,287 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CPAY shares. UBS Group reduced their target price on shares of Corpay from $340.00 to $315.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Royal Bank Of Canada boosted their price objective on shares of Corpay from $336.00 to $344.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. Williams Trading set a $300.00 target price on Corpay in a research report on Monday, November 3rd. JPMorgan Chase & Co. cut their target price on Corpay from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Corpay in a research note on Monday, November 3rd. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and an average target price of $379.71.

Corpay Stock Performance

CPAY stock opened at $288.82 on Friday. The firm has a market cap of $20.21 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average price of $285.01 and a 200-day moving average price of $312.66. Corpay, Inc. has a 1-year low of $252.84 and a 1-year high of $400.81.

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

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.