Handelsbanken Fonder AB Buys 10,471 Shares of Corpay, Inc. $CPAY

Handelsbanken Fonder AB grew its stake in Corpay, Inc. (NYSE:CPAY) by 71.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,108 shares of the company’s stock after acquiring an additional 10,471 shares during the quarter. Handelsbanken Fonder AB’s holdings in Corpay were worth $7,556,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Corpay by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock valued at $2,357,100,000 after acquiring an additional 58,235 shares during the last quarter. Orbis Allan Gray Ltd increased its stake in Corpay by 3.3% during the 2nd quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company’s stock worth $1,279,362,000 after purchasing an additional 124,368 shares in the last quarter. State Street Corp increased its stake in Corpay by 0.8% during the 3rd quarter. State Street Corp now owns 2,956,744 shares of the company’s stock worth $851,720,000 after purchasing an additional 23,470 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Corpay by 168,603.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the company’s stock worth $448,282,000 after purchasing an additional 1,488,772 shares in the last quarter. Finally, M&T Bank Corp increased its stake in Corpay by 4,657.7% during the 4th quarter. M&T Bank Corp now owns 1,044,074 shares of the company’s stock worth $314,193,000 after purchasing an additional 1,022,129 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Corpay Price Performance

NYSE CPAY opened at $347.58 on Friday. The business has a 50 day simple moving average of $313.66 and a 200 day simple moving average of $312.68. Corpay, Inc. has a 52-week low of $252.84 and a 52-week high of $361.99. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 0.95 and a beta of 0.81.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.50 by $0.30. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm posted $4.51 EPS. The business’s revenue was up 25.4% on a year-over-year basis. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. Analysts anticipate that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CPAY has been the subject of a number of research reports. Loop Capital initiated coverage on Corpay in a research note on Monday. They set a “buy” rating and a $406.00 target price for the company. Weiss Ratings raised Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Raymond James Financial reissued an “outperform” rating and set a $361.00 target price on shares of Corpay in a research note on Thursday, March 5th. Mizuho increased their target price on Corpay from $320.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, UBS Group increased their target price on Corpay from $315.00 to $380.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.92.

About Corpay

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.