Clifford Swan Investment Counsel LLC Increases Position in Corpay, Inc $CPAY

Clifford Swan Investment Counsel LLC lifted its stake in Corpay, Inc (NYSE:CPAY) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,158 shares of the corporate payments company’s stock after acquiring an additional 2,604 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Corpay were worth $14,013,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Watershed Asset Management L.L.C. lifted its position in shares of Corpay by 5.2% during the first quarter. Watershed Asset Management L.L.C. now owns 1,531 shares of the corporate payments company’s stock valued at $446,000 after buying an additional 76 shares during the last quarter. Assetmark Inc. grew its position in shares of Corpay by 7.7% in the 1st quarter. Assetmark Inc. now owns 647 shares of the corporate payments company’s stock worth $188,000 after buying an additional 46 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Corpay by 3.7% during the 1st quarter. Wealthfront Advisers LLC now owns 3,931 shares of the corporate payments company’s stock worth $1,144,000 after acquiring an additional 139 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Corpay by 19.1% during the 1st quarter. D.A. Davidson & CO. now owns 29,758 shares of the corporate payments company’s stock worth $8,659,000 after acquiring an additional 4,768 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in Corpay by 43.3% during the first quarter. Sanctuary Advisors LLC now owns 2,123 shares of the corporate payments company’s stock valued at $618,000 after acquiring an additional 641 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Transactions at Corpay

In other news, Director Steven T. Stull sold 1,000 shares of the stock in a transaction dated 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 directly owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is currently owned by insiders.

Corpay Trading Down 1.6%

NYSE:CPAY opened at $365.94 on Friday. The company has a market capitalization of $23.92 billion, a P/E ratio of 21.90, a PEG ratio of 1.02 and a beta of 0.88. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. Corpay, Inc has a 12 month low of $252.84 and a 12 month high of $374.09. The firm has a fifty day simple moving average of $349.20 and a 200-day simple moving average of $332.02.

Corpay (NYSE:CPAY) last released its earnings results 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 net margin of 24.60% and a return on equity of 38.68%. On average, equities research analysts anticipate that Corpay, Inc will post 25.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Robert W. Baird dropped their target price on 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 reaffirmed an “outperform” rating and set a $450.00 target price on shares of Corpay in a research report on Wednesday, June 3rd. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $400.00 price target on shares of Corpay in a report on Sunday, May 10th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $382.54.

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.