Corpay, Inc $CPAY Stock: New Mexico Educational Retirement Board Grows Holdings

New Mexico Educational Retirement Board increased its position in shares of Corpay, Inc (NYSE:CPAY) by 53.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,364 shares of the corporate payments company’s stock after purchasing an additional 1,864 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Corpay were worth $2,022,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Axiom Investment Management LLC acquired a new position in shares of Corpay in the first quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new stake in Corpay during the 3rd quarter worth approximately $30,000. Strive Financial Group LLC acquired a new stake in Corpay during the 2nd quarter worth approximately $35,000. Western Wealth Management LLC bought a new stake in Corpay during the 1st quarter worth approximately $36,000. Finally, CoreCap Advisors LLC grew its holdings in Corpay by 1,246.2% during the 2nd quarter. CoreCap Advisors LLC now owns 175 shares of the corporate payments company’s stock worth $58,000 after acquiring an additional 162 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling at Corpay

In other Corpay news, Director Steven T. Stull sold 2,357 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $413.62, for a total value of $974,902.34. Following the completion of the sale, the director directly owned 21,241 shares of the company’s stock, valued at approximately $8,785,702.42. This represents a 9.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ronald Clarke sold 119,486 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the completion of the sale, the chief executive officer directly owned 2,354,330 shares of the company’s stock, valued at $970,925,692. The trade was a 4.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 220,860 shares of company stock valued at $91,395,514. Company insiders own 5.19% of the company’s stock.

Corpay Trading Up 0.6%

NYSE:CPAY opened at $462.24 on Thursday. The firm’s fifty day moving average is $408.28 and its 200-day moving average is $361.93. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.95 and a current ratio of 0.95. Corpay, Inc has a 52 week low of $271.22 and a 52 week high of $479.53. The firm has a market cap of $29.57 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.04 and a beta of 0.94.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 EPS for the quarter, beating analysts’ consensus estimates of $7.20 by $0.34. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Corpay had a net margin of 23.73% and a return on equity of 46.94%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.70 earnings per share. Equities analysts expect that Corpay, Inc will post 26.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

CPAY has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Corpay from $415.00 to $465.00 and gave the stock a “neutral” rating in a report on Thursday, November 5th. JPMorgan Chase & Co. increased their price objective on Corpay from $470.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Wall Street Zen lowered Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Keefe, Bruyette & Woods increased their price target on Corpay from $470.00 to $525.00 and gave the company an “outperform” rating in a research note on Thursday, November 5th. Finally, Robert W. Baird set a $475.00 price objective on Corpay in a research report on Thursday, August 6th. Eleven 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, the company presently has an average rating of “Moderate Buy” and an average target price of $474.38.

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.