Norges Bank Makes New $266.19 Million Investment in Corpay, Inc. $CPAY

Norges Bank bought a new position in shares of Corpay, Inc. (NYSE:CPAY) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 884,558 shares of the company’s stock, valued at approximately $266,190,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Leonteq Securities AG acquired a new stake in shares of Corpay in the 4th quarter valued at about $27,000. BOKF NA increased its position in shares of Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the company’s stock valued at $28,000 after acquiring an additional 94 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Corpay in the fourth quarter valued at about $29,000. Rothschild Investment LLC increased its position in shares of Corpay by 202.1% in the fourth quarter. Rothschild Investment LLC now owns 145 shares of the company’s stock valued at $44,000 after acquiring an additional 97 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Corpay by 35.5% in the fourth quarter. Harbour Investments Inc. now owns 149 shares of the company’s stock valued at $45,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling

In other Corpay news, insider Armando Lins Netto sold 14,089 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $356.05, for a total transaction of $5,016,388.45. Following the completion of the transaction, the insider directly owned 18,528 shares in the company, valued at $6,596,894.40. The trade was a 43.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 17,201 shares of company stock worth $6,126,597 in the last three months. 5.19% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Loop Capital began coverage on shares of Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 price target for the company. Oppenheimer reiterated an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. UBS Group lifted their price target on Corpay from $315.00 to $380.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Finally, Robert W. Baird reduced their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Corpay currently has an average rating of “Moderate Buy” and an average price target of $377.92.

Corpay Trading Down 1.1%

Shares of CPAY stock opened at $359.99 on Wednesday. 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 stock has a market cap of $23.53 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.00 and a beta of 0.86. The stock has a 50 day simple moving average of $319.90 and a 200 day simple moving average of $316.40. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $367.43.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Thursday, May 7th. The company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.50 by $0.30. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the company posted $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, research analysts predict that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

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.