Corpay, Inc (NYSE:CPAY) Receives $383.07 Average Price Target from Analysts

Shares of Corpay, Inc (NYSE:CPAY) have received an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $383.0714.

CPAY has been the topic of several recent analyst reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $361.00 price target on shares of Corpay in a research report on Thursday, March 5th. Wolfe Research reaffirmed an “outperform” rating and issued a $450.00 price target on shares of Corpay in a research report on Wednesday, June 3rd. Robert W. Baird dropped their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings raised Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Finally, Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd.

Corpay Stock Up 2.1%

Shares of CPAY stock opened at $332.65 on Tuesday. The stock’s 50 day simple moving average is $339.67 and its 200 day simple moving average is $325.25. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. Corpay has a twelve month low of $252.84 and a twelve month high of $367.43. The company has a market capitalization of $21.74 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 0.91 and a beta of 0.86.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. The business had revenue of $5.63 million during the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. As a group, research analysts predict that Corpay will post 25.49 EPS for the current year.

Insider Activity at Corpay

In other news, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the sale, the insider directly owned 11,274 shares in the company, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the sale, the director owned 28,241 shares in the company, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 88,677 shares of company stock worth $31,304,091. Company insiders own 5.19% of the company’s stock.

Institutional Trading of Corpay

A number of institutional investors and hedge funds have recently modified their holdings of the company. HB Wealth Management LLC increased its position in shares of Corpay by 1.9% during the fourth quarter. HB Wealth Management LLC now owns 1,741 shares of the corporate payments company’s stock valued at $524,000 after purchasing an additional 33 shares during the period. KBC Group NV increased its position in shares of Corpay by 0.4% during the fourth quarter. KBC Group NV now owns 9,318 shares of the corporate payments company’s stock valued at $2,804,000 after purchasing an additional 36 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Corpay by 4.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock valued at $254,000 after purchasing an additional 37 shares during the period. Harbour Investments Inc. increased its position in shares of Corpay by 35.5% during the fourth quarter. Harbour Investments Inc. now owns 149 shares of the corporate payments company’s stock valued at $45,000 after purchasing an additional 39 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in shares of Corpay by 1.4% during the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company’s stock valued at $919,000 after purchasing an additional 39 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Corpay Company Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.