Sterling Capital Management LLC Boosts Holdings in Corpay, Inc $CPAY

Sterling Capital Management LLC increased its holdings in Corpay, Inc (NYSE:CPAY) by 524.5% in the first quarter, Holdings Channel.com reports. The firm owned 3,035 shares of the corporate payments company’s stock after acquiring an additional 2,549 shares during the period. Sterling Capital Management LLC’s holdings in Corpay were worth $883,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in shares of Corpay during the first quarter valued at about $207,000. Woodline Partners LP grew its position in Corpay by 39.3% during the 1st quarter. Woodline Partners LP now owns 5,890 shares of the corporate payments company’s stock worth $2,054,000 after acquiring an additional 1,661 shares during the last quarter. Intech Investment Management LLC increased its stake in Corpay by 30.4% in the 1st quarter. Intech Investment Management LLC now owns 3,341 shares of the corporate payments company’s stock worth $1,165,000 after purchasing an additional 778 shares during the period. Marshall Wace LLP increased its stake in Corpay by 128.6% in the 2nd quarter. Marshall Wace LLP now owns 1,600 shares of the corporate payments company’s stock worth $531,000 after purchasing an additional 900 shares during the period. Finally, Brown Advisory Inc. lifted its position in Corpay by 16.0% in the second quarter. Brown Advisory Inc. now owns 1,670 shares of the corporate payments company’s stock valued at $554,000 after purchasing an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Price Performance

Shares of CPAY stock opened at $333.13 on Wednesday. The stock has a market cap of $21.77 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 0.92 and a beta of 0.86. The business’s fifty day moving average is $341.42 and its 200 day moving average is $326.05. Corpay, Inc has a twelve month low of $252.84 and a twelve month high of $367.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. The firm 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%. Research analysts expect that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CPAY shares. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Wolfe Research restated an “outperform” rating and issued a $450.00 price objective on shares of Corpay in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Loop Capital initiated coverage on Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 target price on the stock. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $361.00 price target on shares of Corpay in a research report on Thursday, March 5th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $383.07.

Insider Activity

In related news, Director Steven T. Stull sold 1,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the transaction, the director directly owned 28,241 shares in the company, valued at $10,188,787.98. This trade represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the transaction, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is owned by company insiders.

About Corpay

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.