Swiss National Bank Purchases 11,240 Shares of Corpay, Inc $CPAY

Swiss National Bank boosted its position in shares of Corpay, Inc (NYSE:CPAY) by 6.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,040 shares of the corporate payments company’s stock after acquiring an additional 11,240 shares during the period. Swiss National Bank’s holdings in Corpay were worth $56,755,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Mediolanum International Funds Ltd boosted its holdings in Corpay by 1.4% during the first quarter. Mediolanum International Funds Ltd now owns 30,238 shares of the corporate payments company’s stock valued at $8,780,000 after acquiring an additional 419 shares during the period. Aurora Investment Counsel boosted its stake in Corpay by 1.5% during the 1st quarter. Aurora Investment Counsel now owns 6,143 shares of the corporate payments company’s stock valued at $1,788,000 after purchasing an additional 89 shares during the period. Clifford Swan Investment Counsel LLC boosted its stake in Corpay by 5.7% during the 1st quarter. Clifford Swan Investment Counsel LLC now owns 48,158 shares of the corporate payments company’s stock valued at $14,013,000 after purchasing an additional 2,604 shares during the period. Watershed Asset Management L.L.C. grew its holdings in Corpay by 5.2% in the 1st 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. Finally, Assetmark Inc. grew its holdings in Corpay by 7.7% in the 1st quarter. Assetmark Inc. now owns 647 shares of the corporate payments company’s stock valued at $188,000 after buying an additional 46 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on CPAY. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 price target on shares of Corpay in a research report on Friday, May 8th. Morgan Stanley restated an “overweight” rating and issued a $400.00 price objective on shares of Corpay in a research note on Sunday, May 10th. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Robert W. Baird cut their target price on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Finally, Wolfe Research reiterated an “outperform” rating and set a $450.00 target price on shares of Corpay in a research note on Wednesday, June 3rd. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $382.54.

Insider Buying and Selling

In related news, Director Steven T. Stull sold 1,000 shares of the company’s 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 completion of the transaction, the director directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 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. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 88,677 shares of company stock worth $31,304,091. 5.19% of the stock is currently owned by company insiders.

Corpay Trading Down 0.9%

Shares of CPAY opened at $366.07 on Wednesday. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $374.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $23.93 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.01 and a beta of 0.88. The stock’s 50-day moving average price is $349.71 and its 200 day moving average price is $332.92.

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

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.