Mill Capital Management LLC Decreases Stock Holdings in Corpay, Inc $CPAY

Mill Capital Management LLC lowered its stake in Corpay, Inc (NYSE:CPAY) by 98.3% during the first quarter, Holdings Channel.com reports. The fund owned 950 shares of the corporate payments company’s stock after selling 53,685 shares during the quarter. Mill Capital Management LLC’s holdings in Corpay were worth $276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPAY. Generate Investment Management Ltd lifted its holdings in Corpay by 60.0% during the fourth quarter. Generate Investment Management Ltd now owns 120,000 shares of the corporate payments company’s stock valued at $36,112,000 after purchasing an additional 45,000 shares in the last quarter. Pensionfund Sabic acquired a new stake in shares of Corpay in the fourth quarter valued at about $1,113,000. Moran Wealth Management LLC increased its stake in shares of Corpay by 77.9% during the first quarter. Moran Wealth Management LLC now owns 37,869 shares of the corporate payments company’s stock worth $11,020,000 after purchasing an additional 16,586 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Corpay during the first quarter worth about $1,048,000. Finally, M&T Bank Corp raised 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 corporate payments company’s stock worth $314,193,000 after purchasing an additional 1,022,129 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insiders Place Their Bets

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

Corpay Price Performance

CPAY stock opened at $356.21 on Wednesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $348.91 and a 200-day simple moving average of $331.20. The firm has a market capitalization of $23.28 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 0.99 and a beta of 0.88. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $367.43.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. The company had revenue of $5.63 million for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. Equities research analysts anticipate that Corpay, Inc will post 25.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CPAY shares. Robert W. Baird decreased their price target on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Wolfe Research reiterated an “outperform” rating and set a $450.00 price objective on shares of Corpay in a research note on Wednesday, June 3rd. Loop Capital assumed coverage on Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 target price for the company. Oppenheimer restated an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research report on Friday, May 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 price target on shares of Corpay in a research note on Sunday, May 10th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $383.07.

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.