Corpay, Inc $CPAY Holdings Boosted by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in Corpay, Inc (NYSE:CPAY) by 1.0% in the first quarter, HoldingsChannel.com reports. The fund owned 158,670 shares of the corporate payments company’s stock after buying an additional 1,530 shares during the quarter. Lazard Asset Management LLC’s holdings in Corpay were worth $46,171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. MV Capital Management Inc. acquired a new stake in shares of Corpay during the 4th quarter worth approximately $25,000. Leonteq Securities AG acquired a new position in Corpay during the 4th quarter valued at approximately $27,000. BOKF NA boosted its position in Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after purchasing an additional 94 shares during the period. Torren Management LLC bought a new position in Corpay during the 4th quarter worth $29,000. Finally, DV Equities LLC bought a new position in Corpay during the 4th quarter worth $30,000. 98.84% of the stock is owned by institutional investors.

Corpay Stock Performance

Shares of NYSE CPAY opened at $380.02 on Tuesday. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $382.78. The firm has a market cap of $24.84 billion, a P/E ratio of 22.74, a PEG ratio of 1.01 and a beta of 0.88. The stock has a fifty day moving average price of $351.11 and a two-hundred day moving average price of $334.28. 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 (NYSE:CPAY) last announced its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share 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%. Research analysts forecast that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wolfe Research reaffirmed an “outperform” rating and issued a $450.00 target price on shares of Corpay in a research report on Wednesday, June 3rd. Oppenheimer restated an “outperform” rating and set a $388.00 price target on shares of Corpay in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corpay in a report on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 price objective on shares of Corpay in a report on Sunday, May 10th. Finally, Robert W. Baird cut their price objective on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Twelve 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $382.54.

Insider Transactions at Corpay

In other news, Director Steven T. Stull sold 1,000 shares of Corpay 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 transaction, the director owned 28,241 shares of the company’s stock, valued at $10,188,787.98. The trade was a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the sale, the insider owned 11,274 shares in the company, valued at $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 88,677 shares of company stock valued at $31,304,091 over the last three months. 5.19% of the stock is owned by corporate insiders.

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.