Insider Selling: Corpay (NYSE:CPAY) Insider Sells $961,784.94 in Stock

Corpay, Inc. (NYSE:CPAY) insider Armando Lins Netto sold 2,694 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $357.01, for a total value of $961,784.94. Following the sale, the insider directly owned 15,834 shares in the company, valued at $5,652,896.34. This trade represents a 14.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Armando Lins Netto also recently made the following trade(s):

• On Thursday, May 28th, Armando Lins Netto sold 14,089 shares of Corpay stock. The stock was sold at an average price of $356.05, for a total value of $5,016,388.45.
• On Wednesday, May 27th, Armando Lins Netto sold 418 shares of Corpay stock. The shares were sold at an average price of $355.08, for a total value of $148,423.44.

Corpay Stock Up 0.2%

NYSE:CPAY opened at $362.35 on Monday. The firm has a market capitalization of $23.68 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 0.99 and a beta of 0.86. Corpay, Inc. has a 1-year low of $252.84 and a 1-year high of $364.24. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. The business’s fifty day moving average price is $318.29 and its 200 day moving average price is $315.88.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.50 by $0.30. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Corpay had a return on equity of 38.68% and a net margin of 24.60%.Corpay’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.51 earnings per share. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. On average, sell-side analysts forecast that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corpay

Several large investors have recently made changes to their positions in CPAY. Northwestern Mutual Wealth Management Co. lifted its position in shares of Corpay by 168,603.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the company’s stock worth $448,282,000 after purchasing an additional 1,488,772 shares during the last quarter. M&T Bank Corp lifted its position in shares of Corpay by 4,657.7% during the 4th quarter. M&T Bank Corp now owns 1,044,074 shares of the company’s stock worth $314,193,000 after purchasing an additional 1,022,129 shares during the last quarter. Norges Bank acquired a new position in shares of Corpay during the 4th quarter worth about $266,190,000. Orbis Allan Gray Ltd lifted its position in shares of Corpay by 20.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the company’s stock worth $1,501,029,000 after purchasing an additional 859,854 shares during the last quarter. Finally, Spruce House Investment Management LLC lifted its position in shares of Corpay by 95.3% during the 4th quarter. Spruce House Investment Management LLC now owns 830,000 shares of the company’s stock worth $249,772,000 after purchasing an additional 405,000 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analysts Set New Price Targets

CPAY has been the topic of several recent analyst reports. Cantor Fitzgerald upped their price target on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Oppenheimer reissued an “outperform” rating and set a $388.00 price target on shares of Corpay in a research report on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and set a $361.00 price target on shares of Corpay in a research report on Thursday, March 5th. Loop Capital initiated coverage on Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 price target on the stock. Finally, Royal Bank Of Canada upped their price target on Corpay from $344.00 to $363.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Corpay presently has an average rating of “Moderate Buy” and a consensus price target of $377.92.

About Corpay

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.