Corpay, Inc $CPAY Stake Raised by California State Teachers Retirement System

California State Teachers Retirement System raised its holdings in Corpay, Inc (NYSE:CPAY) by 36,046.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,244,919 shares of the corporate payments company’s stock after acquiring an additional 30,161,246 shares during the quarter. California State Teachers Retirement System owned 46.06% of Corpay worth $10,079,724,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Corpay by 168,603.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the corporate payments company’s stock valued at $448,282,000 after purchasing an additional 1,488,772 shares during the last quarter. Norges Bank acquired a new position in Corpay in the fourth quarter worth approximately $266,190,000. Orbis Allan Gray Ltd increased its holdings in shares of Corpay by 20.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock valued at $1,501,029,000 after buying an additional 859,854 shares in the last quarter. Spruce House Investment Management LLC lifted its position in shares of Corpay by 95.3% during the 4th quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company’s stock valued at $249,772,000 after acquiring an additional 405,000 shares during the last quarter. Finally, Hawk Ridge Capital Management LP purchased a new stake in shares of Corpay during the third quarter valued at $106,381,000. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling at Corpay

In other Corpay news, Director Steven Stull sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $410.66, for a total value of $1,642,640.00. Following the transaction, the director directly owned 23,598 shares of the company’s stock, valued at $9,690,754.68. This represents a 14.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Armando Netto sold 70,476 shares of the company’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 directly owned 11,274 shares in the company, valued at approximately $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 have sold 291,336 shares of company stock worth $116,212,228 over the last 90 days. 5.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on CPAY shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corpay in a report on Friday, July 24th. Scotiabank initiated coverage on shares of Corpay in a research note on Wednesday, September 2nd. They issued an “outperform” rating and a $536.00 price objective for the company. Royal Bank Of Canada lifted their price objective on shares of Corpay from $423.00 to $438.00 and gave the stock a “sector perform” rating in a research report on Monday, August 31st. Robert W. Baird set a $475.00 target price on Corpay in a research report on Thursday, August 6th. Finally, UBS Group upped their price target on Corpay from $385.00 to $415.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $438.93.

Corpay Stock Down 2.3%

CPAY stock opened at $406.94 on Wednesday. The company has a 50 day moving average of $388.31 and a two-hundred day moving average of $350.49. The company has a market cap of $26.72 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 1.14 and a beta of 0.87. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $427.46. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the company posted $5.13 EPS. Corpay’s revenue was up 21.5% on a year-over-year basis. 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, equities analysts anticipate that Corpay, Inc will post 25.75 earnings per share for the current fiscal year.

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.