Livforsakringsbolaget Skandia Omsesidigt lessened its stake in Corpay, Inc. (NYSE:CPAY – Free Report) by 71.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,200 shares of the company’s stock after selling 23,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Corpay were worth $2,769,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Leonteq Securities AG acquired a new position in shares of Corpay in the 4th quarter valued at about $27,000. BOKF NA raised its holdings in Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the company’s stock worth $28,000 after purchasing an additional 94 shares during the period. Torren Management LLC acquired a new position in Corpay in the 4th quarter worth about $29,000. Rothschild Investment LLC raised its holdings in Corpay by 202.1% in the 4th quarter. Rothschild Investment LLC now owns 145 shares of the company’s stock worth $44,000 after purchasing an additional 97 shares during the period. Finally, Harbour Investments Inc. raised its holdings in Corpay by 35.5% in the 4th quarter. Harbour Investments Inc. now owns 149 shares of the company’s stock worth $45,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.
Insider Buying and Selling
In other Corpay news, insider Armando Lins Netto sold 2,694 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $357.01, for a total transaction of $961,784.94. Following the completion of the sale, the insider directly owned 15,834 shares in the company, valued at approximately $5,652,896.34. The trade was a 14.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 17,201 shares of company stock worth $6,126,597. 5.19% of the stock is currently owned by insiders.
Corpay Price Performance
Corpay (NYSE:CPAY – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.50 by $0.30. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business earned $4.51 EPS. Corpay’s quarterly 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. On average, analysts expect that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $361.00 price target on shares of Corpay in a report on Thursday, March 5th. Mizuho upped their price target on Corpay from $320.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Cantor Fitzgerald upped their price target on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Loop Capital assumed coverage on Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 price target for the company. Finally, Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $383.07.
View Our Latest Analysis on Corpay
Corpay Profile
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.
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