Corpay (NYSE:CPAY) Reaches New 1-Year High After Analyst Upgrade

Corpay, Inc (NYSE:CPAY) shares reached a new 52-week high during mid-day trading on Tuesday after Cantor Fitzgerald raised their price target on the stock from $415.00 to $480.00. Cantor Fitzgerald currently has an overweight rating on the stock. Corpay traded as high as $407.71 and last traded at $406.8220, with a volume of 67996 shares changing hands. The stock had previously closed at $400.88.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird set a $475.00 price target on shares of Corpay in a research report on Thursday. UBS Group raised their price target on Corpay from $385.00 to $415.00 and gave the stock a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Corpay from $400.00 to $470.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Loop Capital initiated coverage on shares of Corpay in a research note on Monday, May 18th. They set a “buy” rating and a $406.00 price objective on the stock. Finally, Raymond James Financial reissued an “outperform” rating and issued a $442.00 target price on shares of Corpay in a report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $426.08.

Insider Buying and Selling

In related news, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the sale, the insider directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total transaction of $360,780.00. Following the transaction, the director 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 88,677 shares of company stock worth $31,304,091. 5.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Corpay

Several large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Corpay during the first quarter worth about $207,000. Woodline Partners LP increased its holdings in Corpay by 39.3% in the first quarter. Woodline Partners LP now owns 5,890 shares of the corporate payments company’s stock valued at $2,054,000 after purchasing an additional 1,661 shares during the period. Intech Investment Management LLC raised its position in Corpay by 30.4% during the 1st quarter. Intech Investment Management LLC now owns 3,341 shares of the corporate payments company’s stock worth $1,165,000 after purchasing an additional 778 shares during the last quarter. Marshall Wace LLP lifted its holdings in Corpay by 128.6% during the 2nd quarter. Marshall Wace LLP now owns 1,600 shares of the corporate payments company’s stock worth $531,000 after buying an additional 900 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of Corpay by 16.0% in the second quarter. Brown Advisory Inc. now owns 1,670 shares of the corporate payments company’s stock valued at $554,000 after buying an additional 230 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Corpay Stock Up 1.7%

The stock has a 50-day moving average price of $359.52 and a 200-day moving average price of $338.81. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.98. The company has a market capitalization of $26.65 billion, a P/E ratio of 24.80, a P/E/G ratio of 1.09 and a beta of 0.87.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $0.42. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm posted $5.13 EPS. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. On average, research analysts predict that Corpay, Inc will post 25.49 EPS for the current fiscal year.

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.