Corpay, Inc $CPAY Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its stake in Corpay, Inc (NYSE:CPAY) by 28.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,020 shares of the corporate payments company’s stock after selling 34,653 shares during the period. Royal Bank of Canada’s holdings in Corpay were worth $25,613,000 at the end of the most recent quarter.

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

Corpay Price Performance

CPAY stock opened at $397.24 on Wednesday. The business has a 50 day moving average price of $355.38 and a 200 day moving average price of $337.35. 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 stock has a market cap of $25.96 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.05 and a beta of 0.87. Corpay, Inc has a fifty-two week low of $252.84 and a fifty-two week high of $398.34.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company had revenue of $5.63 million during the quarter. Equities research analysts anticipate that Corpay, Inc will post 25.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Corpay

In related news, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $352.13, for a total value of $24,816,713.88. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven T. Stull sold 1,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 88,677 shares of company stock valued at $31,304,091. Company insiders own 5.19% of the company’s stock.

Wall Street Analyst Weigh In

CPAY has been the topic of several analyst reports. Loop Capital started coverage on shares of Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 target price on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corpay in a report on Friday, July 24th. Morgan Stanley increased their price objective on shares of Corpay from $400.00 to $415.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Wolfe Research restated an “outperform” rating and issued a $450.00 price objective on shares of Corpay in a report on Wednesday, June 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $388.00 price objective on shares of Corpay in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $383.69.

Corpay 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.